Please find attach with Audited Standalone and Consolidated Financial Results for FY 2024-25.
Awaiting price reaction for this filing.
Authum Investment & Infrastructure Limited announced audited results for Q4 and full year ended March 31, 2025, with auditors issuing an unmodified (clean) opinion on both standalone and consolidated financials. Standalone revenue from operations jumped sharply to Rs. 4,565.86 crores in FY25 from Rs. 2,412.69 crores in FY24 (nearly doubling YoY), boosted by Rs. 1,037.81 crores recognised as Other Income from the conversion of NITCO Ltd's assigned debt into equity. Standalone profit before tax rose to Rs. 4,248.11 crores versus Rs. 2,919.50 crores (restated) in FY24, with EPS at Rs. 250.12 versus Rs. 171.89 in FY24. During the year, the company acquired a 42.31% stake in Prataap Snacks for Rs. 764.54 crores and 49.19% in NITCO Ltd via the debt conversion, both held as strategic investments and not consolidated. The Board declared a 7% interim dividend on preference shares and a 50% interim dividend (Rs. 0.50 per share) on equity shares; promoters owning 74.95% have waived their equity dividend. A key red flag: subsidiary Open Elite Developers (formerly Reliance Commercial Finance) has fully eroded net worth with accumulated losses of Rs. 892.12 crores, prompting the auditor to flag a going concern doubt as an Emphasis of Matter, alongside a Rs. 25 crore SEBI penalty and 5-year market ban on the subsidiary currently under appeal at SAT.
Strong topline growth and a 50% interim dividend are positive for shareholders, but the earnings surge is largely driven by one-time debt-conversion income rather than core operations. The going concern issue and SEBI regulatory overhang at the subsidiary are key risks investors should monitor at the group level.