Financial results for the quarter and year ended on 31st Macrh,2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Popular Estate Management Ltd reported audited results for FY25 with zero revenue from operations. Total income for the year was Rs. 46.58 lakhs, entirely from a one-time reversal of a long-disputed rent liability (settled with the landlord). Total expenses stood at Rs. 67.50 lakhs, including Rs. 16.77 lakhs of depreciation and Rs. 11.76 lakhs of employee costs. An exceptional item of Rs. 14.59 lakhs was booked for writing off obsolete assets. Net loss for FY25 narrowed to Rs. 35.51 lakhs from Rs. 68.03 lakhs in FY24, with EPS improving to (Rs. 0.25) from (Rs. 0.49). Q4 FY25 alone showed a profit of Rs. 20.24 lakhs, again driven entirely by the rent reversal. The balance sheet shows total assets of Rs. 5,049 lakhs, equity of Rs. 4,242.64 lakhs, borrowings of Rs. 796.89 lakhs, and cash of just Rs. 1.25 lakhs. The company carries contingent liabilities of Rs. 2,216.69 lakhs related to Income Tax disputes. The statutory auditor issued an unmodified opinion.
Despite the narrowed loss, the company has no operating revenue and the FY25 improvement is driven by a one-time rent reversal and asset write-off rather than core business activity. Cash balances are minimal and large Income Tax contingencies remain pending, making this stock risky for retail investors looking for operating businesses.