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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Nirmitee Robotics India submitted its audited FY25 results on 27 May 2025. Standalone revenue from operations jumped to Rs. 892.49 lakhs from Rs. 499.00 lakhs in FY24, a ~79% YoY rise. Standalone profit after tax rose to Rs. 60.22 lakhs (EPS Rs. 1.67) from Rs. 49.28 lakhs. Consolidated results also turned around to a Rs. 60.22 lakh profit from a Rs. 96.92 lakh loss last year, helped by the closure of the Dubai subsidiary (Nirmitee Robotics AC Maintenance LLC) on 15 July 2024. As part of the closure, the company wrote off a Rs. 90.99 lakh loan to the subsidiary (charged to reserves), Rs. 70.66 lakh equity investment and Rs. 62.99 lakh of advances (charged to P&L), and reversed Rs. 9.19 lakh of interest income. The auditor (BPSD & Associates) issued a Qualified Opinion on both standalone and consolidated results and added an Emphasis of Matter, flagging reclassification of Rs. 17.74 lakh from capital to revenue expenditure and a Rs. 3 lakh foreign exchange translation reserve pending verification. Notably, in a separate filing the company declared the auditor's report was 'unmodified and without any qualification', which directly contradicts the actual qualified opinion.
Strong top-line growth is a positive, but the qualified auditor opinion, subsidiary write-offs of over Rs. 2.2 crore, and the company's incorrect declaration of an unmodified audit report raise serious governance concerns for shareholders and could weigh on investor confidence.