Financial results for the quarter and year ended on 31st March,2025,Took note of compliances
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Popular Estate Management's board approved the audited financial results for the quarter and full year ended 31 March 2025 on 20 May 2025. The company reported zero revenue from operations and only Rs. 46.58 lakh of total income (vs nil in FY24), driven mainly by a one-time reversal of a disputed rent liability provision of Rs. 46.58 lakh. Net loss for FY25 stood at Rs. 35.51 lakh, narrower than the Rs. 68.03 lakh loss in FY24, helped by an exceptional item of Rs. 14.59 lakh. Statutory auditor H.S. Jani & Associates issued an unmodified (clean) opinion. Cash and cash equivalents remain very thin at Rs. 1.25 lakh, and operating cash flow was negative at Rs. 37.18 lakh for the year.
The company continues to post losses and has virtually no operating revenue, relying on one-time gains to reduce its losses; the razor-thin cash balance and persistent negative operating cash flow raise going-concern concerns for retail shareholders.