ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 29/05/2025
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Panjon Ltd's board meeting on May 29, 2025 approved audited financial results for Q4 and FY ended March 31, 2025. Revenue from operations jumped to Rs. 3,030.84 lakhs in FY25 from Rs. 1,300.54 lakhs in FY24, a rise of roughly 133%. Net profit surged to Rs. 52.74 lakhs from Rs. 15.74 lakhs, up about 235%, with EPS at Rs. 0.32 vs Rs. 0.11. The board also appointed M/s Parul Dwivedi & Associates as Secretarial Auditor for 5 years (FY26-FY30) and M/s B. Jakhetiya & Co. as Internal Auditor for FY26. Statutory auditor Goyal Parul & Co. issued an unmodified (clean) opinion.
Strong top-line and bottom-line growth is positive for shareholders, but operating cash flow turned deeply negative at Rs. -434.06 lakhs despite the profit, largely due to a sharp jump in trade receivables and inventories, which is a quality-of-earnings red flag. Short-term borrowings nearly doubled to Rs. 257 lakhs, raising leverage concerns even as the audit remained clean.