REvised Financial Results for Half Year and Year ended 31st March 2025
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Nirmitee Robotics India reported standalone revenue of Rs. 892.49 lakhs for FY25, up sharply from Rs. 499.00 lakhs in FY24, a growth of nearly 79%. Standalone profit after tax rose to Rs. 60.22 lakhs (from Rs. 49.28 lakhs), with EPS of Rs. 1.67 versus Rs. 1.37. On a consolidated basis, revenue grew to Rs. 892.49 lakhs from Rs. 601.55 lakhs, and the company swung back to a profit of Rs. 60.22 lakhs versus a loss of Rs. 96.92 lakhs in FY24. The auditor (BPSD & Associates) issued a qualified opinion on both standalone and consolidated results, flagging reclassification of Rs. 17.74 lakhs from capital goods to revenue, write-offs linked to the liquidation of its Dubai subsidiary (loan of Rs. 90.99 lakhs, equity investment of Rs. 70.66 lakhs, and director-related advances of Rs. 62.99 lakhs), and an unverified foreign exchange translation reserve of Rs. 3 lakhs. An emphasis of matter paragraph was also included.
Strong top-line growth and a return to consolidated profitability are positives for shareholders, but the qualified audit opinion, subsidiary liquidation losses, and a swing to negative standalone operating cash flow (Rs. -40.51 lakhs vs Rs. 200.24 lakhs) raise governance and cash quality concerns that may weigh on investor sentiment.