BSESecUR Credentials LtdMediumNeutral
Announced Fri, 17 Apr · 20:42 IST
Q1 FY25 Results: Revenue Crashes to ₹4.52L, Loss of ₹382.61L
Emphasis Of MatterQualified OpinionRevenue DeclinePat NegativeRelated Party TransactionsResults View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
SecUR Credentials posted Q1 FY25 revenue of just ₹4.52L, down sharply from ₹1,000.59L a year ago. The company swung to a loss of ₹382.61L versus a profit of ₹101.08L in Q1 FY24. Auditor flagged a ₹116.11L loan to a director violating Section 185, non-compliance with Ind AS 19 (gratuity), unverified GST records, overstated prior inventory, missing ECL provisions, and inactive company website.
Likely market impact
Massive revenue collapse and significant losses raise serious red flags. Multiple auditor qualifications and governance issues may weigh heavily on the stock.