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ObjectOne Information Systems Ltd, a Hyderabad-based media and entertainment company, has filed its Annual Report for FY 2024-25 along with the notice for its 29th AGM scheduled for 30 September 2025. The company reported a turnaround in profitability with Profit After Tax of Rs. 84 lakhs compared to a loss of Rs. 24 lakhs in FY 2023-24, driven by a sharp jump in operating profit (PBDIT) to Rs. 210 lakhs from Rs. 10 lakhs. However, total income declined to Rs. 1,829 lakhs from Rs. 2,164 lakhs in the previous year. The board has not recommended any dividend for the year. Foreign exchange earnings rose to about Rs. 10.85 crore from Rs. 9.51 crore. The company is preparing to launch two new media ventures — ToRI Radio in Amaravathi and the Petsone Media channel — and is leveraging AI in content production. Key AGM agenda includes the appointment of Mr. Ramesh Kode as Independent Director for five years and M/s. MKS & Associates as Secretarial Auditors.
The return to profitability is a positive sign for shareholders, though the decline in total income and absence of a dividend suggest the company is still in a turnaround phase. Investors should watch for execution of the new media ventures, which could shape future revenue growth.