Integrated Filing for the Year ending 31 March 2025
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Raconteur Global Resources Ltd announced its audited results for FY25 at the board meeting on 27 May 2025. Total income fell sharply to Rs. 50.74 lakhs from Rs. 171.57 lakhs in FY24, with revenue from operations at just Rs. 0.50 lakhs. Net profit dropped to Rs. 16.43 lakhs (from Rs. 111.22 lakhs), translating to EPS of Rs. 0.03 versus Rs. 3.70 last year. The statutory auditor, Kapil Sandeep & Associates, issued a qualified opinion, flagging unconfirmed trade receivables, payables, loans and advances, and significant unexplained cash transactions; the impact could not be quantified. The company also appointed Ms. Hina as CFO, a new secretarial auditor, and approved plans to incorporate and invest in new subsidiary companies.
The qualified audit opinion and steep decline in both revenue and profit are red flags for shareholders, raising concerns about earnings quality and transparency. The sharp drop in core operations (revenue from operations effectively negligible) and the auditor's inability to confirm key balances suggest heightened risk; investors should watch for clarity on unconfirmed receivables and any further subsidiary investments.