Submission of Audited Standalone Financial Results for the quarter and year ended 31/03/2025
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The Board of Directors met on May 23, 2025 and approved audited standalone financial results for Q4 and FY25. Full-year revenue from operations dipped to Rs. 10,050 Lacs from Rs. 10,793 Lacs in FY24, while net profit rose to Rs. 88 Lacs (vs Rs. 59 Lacs), pushing EPS to Rs. 0.94 from Rs. 0.63. Q4 revenue stood at Rs. 2,785 Lacs versus Rs. 2,531 Lacs in Q3 FY25. The Board appointed Mr. Ajay Kumar Monga as the new CFO, along with fresh Cost, Internal and Secretarial Auditors for FY26 onwards. The auditor issued a Qualified Opinion flagging a Rs. 614.64 Lacs additional land compensation claim not recorded in books; if accounted, net profit would have been Rs. 721 Lacs and EPS Rs. 7.52.
Reported profitability improved year-on-year, but a recurring auditor qualification around unrecorded land compensation remains unresolved and materially understates the company's true earnings and current assets. Cash balance fell sharply from Rs. 159 Lacs to Rs. 12 Lacs amid heavy capex of Rs. 897 Lacs, which shareholders should monitor.