This is to inform you that, the Board of Directors of the Company at its meeting held on Thursday, 31 st of July, 2025 at the Registered Office of the Company inter alia considered & approved ....
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Prerna Infrabuild's board approved unaudited financial results for the quarter ended 30 June 2025, reviewed by statutory auditor Philip Fernandes & Co with a clean (unmodified) limited review report. On a consolidated basis, revenue from operations fell to Rs. 0 from Rs. 435.31 lakhs in the previous quarter and Rs. 27.43 lakhs in Q1 FY25, with total revenue of Rs. 111.38 lakhs coming entirely from 'other income'. The company slipped into a net loss of Rs. 8.57 lakhs versus a profit of Rs. 6.54 lakhs in Q4 FY25 and Rs. 120.72 lakhs in Q1 FY25, resulting in EPS of Rs. (0.01). Standalone results showed a similar picture: operating revenue of Rs. 0, other income of Rs. 111.38 lakhs, and a net loss of Rs. 4.03 lakhs versus a profit of Rs. 9.90 lakhs in the prior quarter. The board also filed a statement of deviation on rights issue proceeds, noting that out of Rs. 48.17 crore raised in April 2023, Rs. 37.58 crore has been utilized (mainly for working capital) and Rs. 10.59 crore remains unutilized in an IDFC First Bank account as of 30 September 2024.
Sharp deterioration in core operations — operating revenue has gone to zero quarter-on-quarter and year-on-year, pushing the company into a loss. Investors should note the heavy reliance on 'other income' to avoid deeper losses and the fact that a meaningful portion of rights issue funds raised in 2023 is still unutilized, which may raise questions on capital deployment efficiency.