1. Considered and approved the audited standalone financial results of the Company for the quarter and financial year ended on 31st March, 2025 2. Re-appointment of Neelam Somani & Associates, ....
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Palm Jewels' board approved audited standalone financial results for Q4 and FY ended 31 March 2025. Total income rose to ₹18,978 lakhs from ₹16,063 lakhs in FY24, an 18% jump, but profitability fell sharply with net profit dropping to ₹12.92 lakhs from ₹54.29 lakhs (down ~76%) and EPS falling to ₹0.07 from ₹0.60. Total expenses ballooned to ₹18,907 lakhs, mainly on purchases of ₹18,777 lakhs, compressing margins. The company took on new non-current borrowings of ₹355.36 lakhs and reported negative operating cash flow of -₹214 lakhs versus +₹277 lakhs last year. The statutory auditor (Bharat H. Shah & Co.) issued a clean, unmodified audit opinion. Neelam Somani & Associates was re-appointed as Secretarial Auditor for FY24-25.
Despite healthy revenue growth, the steep fall in net profit and negative operating cash flow signal margin pressure and worsening cash conversion for shareholders. The fresh borrowing and weak earnings are red flags worth monitoring closely.