Outcome of Board Meeting for Audited (Standalone and Consolidated) financial results for the fourth quarter and financial year ended on 31st March 2025 along with Independent Auditor's ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prismx Global Ventures reported audited results for FY25 on May 28, 2025, with statutory auditors Bansal Gourav & Associates issuing an unmodified (clean) opinion on both standalone and consolidated numbers. On a standalone basis, the company swung to a net loss of ₹211.68 lakhs for FY25, compared with a net profit of ₹116.23 lakhs in FY24. Total income from operations dropped sharply to around ₹1,436 lakhs from ₹1,770 lakhs in FY24, while other income turned negative at ₹(231.50) lakhs. A major drag was a loss of ₹2,036.35 lakhs on sale of shares of a subsidiary company, along with ₹196.68 lakhs in bad debts and ₹221.04 lakhs in loss on sale of investments. Consolidated results showed a similar trend, with a net loss of ₹192.21 lakhs versus a profit of ₹105.30 lakhs in FY24. Total equity declined from ₹9,863 lakhs to ₹8,150 lakhs standalone, and short-term borrowings rose from ₹124.8 lakhs to ₹800.2 lakhs.
Shareholders should note the sharp swing into losses driven mainly by a one-time ₹20+ crore hit from selling down a subsidiary, plus shrinking core revenues — this is a significant negative earnings event, though the auditor's clean opinion and positive operating cash flow (₹959 lakhs consolidated) suggest no immediate solvency concerns.