Kandly find enclosed Financial Result For the Year And Quater Ended on 31 March 2025
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Patidar Buildcon Limited has filed its audited financial results for Q4 and FY ended 31 March 2025. The company swung to a pre-tax profit of ₹37.00 lakhs in FY25, compared to a loss of ₹8.33 lakhs in FY24, indicating a turnaround at the bottom line. Total non-current assets stood at ₹699.81 lakhs versus ₹689.97 lakhs a year earlier, while cash and cash equivalents fell sharply from ₹26.30 lakhs to ₹10.08 lakhs. Operating cash flow remained positive at ₹54.15 lakhs (FY24: ₹131.87 lakhs), though net cash declined due to investing and financing outflows including borrowing repayments. The statutory auditor, Shah Thacker & Co., referenced 'matters described in the basis of qualified opinion section, emphasis of matters and other matters,' pointing to a qualified audit opinion, although the company separately declared the opinion as 'unmodified' — a notable inconsistency. The company is small, with net worth of ₹6.50 crore and paid-up equity capital of ₹5.50 crore, qualifying it for exemptions from certain SEBI LODR disclosure requirements.
The return to profitability is encouraging for shareholders, but the apparent qualified audit opinion and steep drop in cash reserves signal concerns around reporting quality and short-term liquidity that investors should weigh carefully.