We submit herewith Audited Financial Statement (Standalone and Consolidated) for the Quarter and year ended 31.03.2025 duly approved at the Board Meeting held on May 28, 2025 along with ....
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Nilkanth Engineering Limited reported zero revenue from operations on a standalone basis for FY25, with total income of just Rs 24.35 lakhs coming entirely from other income (vs Rs 19.06 lakhs in FY24). Standalone net loss narrowed slightly to Rs 31.63 lakhs (vs Rs 33.61 lakhs loss), with EPS of Rs (2.54). However, on a consolidated basis, the company swung to a net profit of Rs 358 lakhs (vs Rs 29.65 lakhs loss), driven almost entirely by share of profits from three associate companies (Jatayu Textiles, Osiris Online, Sushree Trading) of Rs 389.63 lakhs. The standalone balance sheet shows a sharp rise in 'other financial liabilities' to Rs 4,500 lakhs (from Rs 1,500 lakhs) and other equity improving to negative Rs 13.35 lakhs (from negative Rs 354.30 lakhs), helped by fair value gains on investments. Auditor PKJ & Co. issued an unmodified opinion.
The core standalone business is effectively non-operational, generating no operating revenue and continuing to post losses, which is a red flag for shareholders. The headline consolidated profit is driven by associate companies, not the parent's own operations, so the quality of earnings is weak. The tripling of other financial liabilities and persistent negative operating cash flow raise concerns about the standalone entity's sustainability.