OUTCOME OF BOARD MEETING DT. 30.05.2025
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ObjectOne Information Systems Ltd's board approved audited financial results for Q4 FY25 and the full year ended 31 March 2025. Total income for the year stood at ₹1,828.61 lakhs, down from ₹2,058.11 lakhs in FY24, a decline of about 11%. Revenue from operations fell to ₹1,802.41 lakhs from ₹2,040.85 lakhs. Despite the revenue dip, the company swung to a net profit of ₹84.04 lakhs for FY25, compared to a net loss of ₹23.88 lakhs in FY24. Q4 FY25 itself was profitable with a net profit of ₹23.93 lakhs versus a hefty loss of ₹240.58 lakhs in Q4 FY24. Operating cash flow remained healthy at ₹488.98 lakhs, and cash balance grew to ₹532.81 lakhs. The statutory auditor, P. Murali & Co., issued an unmodified (clean) opinion but flagged the absence of an actuarial valuation report for gratuity liability as an emphasis-of-matter concern. Related party transactions with the Managing Director (rent, house rent, remuneration), CFO, and Company Secretary were disclosed.
A clear turnaround from loss to profit and strong operating cash generation are positives for shareholders, but the ~11% drop in annual revenue suggests underlying business weakness. The auditor's emphasis on the missing gratuity actuarial valuation is a minor governance red flag, though the overall opinion remains clean.