We submit herewith Audited Standalone and Consolidated Financial Result for the Quarter and year ended 31.03.2025 duly approved at the Board Meeting held on May 28, 2025 along with Auditors'' ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nilkanth Engineering Ltd reported audited results for FY25 with no revenue from operations (the company is mainly into fund-based leasing and financing). Total income on a standalone basis was Rs 24.35 lakh vs Rs 19.06 lakh last year, mostly from other income. Standalone net loss narrowed slightly to Rs 31.63 lakh vs Rs 33.61 lakh in FY24, with EPS at Rs (2.54). However, operating cash flow remained negative at Rs (0.63) lakh. On the consolidated side, the company turned profitable with net profit of Rs 358 lakh (vs Rs 29.65 lakh loss in FY24), but this was driven almost entirely by share of profits from three associate companies (Rs 389.63 lakh). A notable red flag is the tripling of current other financial liabilities from Rs 1,500 lakh to Rs 4,500 lakh on the standalone balance sheet. The statutory auditor (PKJ & Co.) issued an unmodified opinion.
Standalone operations remain unprofitable with zero operating revenue and negative cash flow, making the company's standalone health weak. Consolidated profitability is entirely dependent on associate companies, not core operations. Shareholders should note the sharp rise in current liabilities and continued standalone losses, even as the auditor gave a clean opinion.