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Awaiting price reaction for this filing.
Purshottam Investofin reported audited FY25 results with revenue from operations of ₹764.85 lakhs (vs ₹721.66 lakhs in FY24), but total income fell sharply to ₹773.17 lakhs from ₹1,618.88 lakhs due to absence of prior-year fair value gains. The company swung to a net loss of ₹36.84 lakhs in FY25 from a profit of ₹877.10 lakhs in FY24, with Q4 FY25 also posting a loss of ₹90.58 lakhs. The auditor (AKGSR & Co.) issued an unmodified opinion; however, FY24 figures were audited by a predecessor auditor, indicating an auditor change. The company completed an amalgamation of Middle Path Trading and Shraj Marketing with an appointed date of April 1, 2024, leading to restatement of Q3 FY25 results. Borrowing levels declined significantly from ₹4,401.11 lakhs to ₹2,588.75 lakhs, and operating cash flow remained positive at ₹689.67 lakhs.
The sharp swing to losses and weak Q4 performance, driven mainly by missing fair value gains, may negatively affect investor sentiment. However, reduced borrowings and positive operating cash flow provide some comfort, though prior-year comparability is impacted by the amalgamation.