Outcome of Board Meeting
Awaiting price reaction for this filing.
The Board of Victoria Enterprises approved the audited financial results for Q4 and FY25 on May 30, 2025. Revenue from operations jumped sharply to ₹4,272.20 lakhs in FY25 from ₹1,124.50 lakhs in FY24, a growth of roughly 280%. However, the company booked an exceptional item of ₹4,732.51 lakhs in Q4, which wiped out operating profits and pushed FY25 net profit into a loss of ₹1,405.99 lakhs versus a small profit of ₹5.76 lakhs last year. EPS swung to a negative ₹281.20. Total equity improved to ₹798.67 lakhs from a negative ₹405.77 lakhs, but operating cash flow remained negative at -₹760.54 lakhs. The auditor, Mahesh Chandra & Associates, issued a qualified opinion because the company did not obtain an actuarial valuation for gratuity liability as required under Ind AS 19 and instead relied on management estimates.
Short-term: The huge exceptional item turns an otherwise strong revenue and operating performance into a full-year loss, which may weigh on the stock. Medium-term: Equity has turned positive from negative territory, but negative operating cash flow, the qualified audit opinion, and unredeemed preference shares pending restructuring keep fundamental risks alive for shareholders.