In Continuation of our letter dated Friday, May 24, 2025, we wish to inform you that the Board of Directors of the Company approve the financial results for the qtr ended March 31, 2025
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The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2025, with statutory auditor M/s. Parin Patwari & Co. issuing an unmodified (clean) opinion. Full-year revenue from operations grew about 13% to Rs 765.81 lakhs from Rs 676.47 lakhs, while total expenses sharply declined to Rs 623.26 lakhs from Rs 1,133.66 lakhs. The company swung from a loss after tax of Rs 462.61 lakhs in FY24 to a profit of Rs 134.60 lakhs in FY25, improving EPS to Rs 0.03 from a loss of Rs 0.09. However, operating cash flow remained negative at Rs (411.32) lakhs, indicating the profit has not yet translated into cash generation. The Board also re-appointed M/s. Kishan Tilva & Company as Internal Auditor for the next two years.
Strong year-on-year turnaround from loss to profit with a clean audit report is positive for sentiment, but persistently negative operating cash flow and the company's small revenue base call for caution on sustainable earnings quality.