Integrated Audited Financial Results for quarter and year ended 31st march, 2025
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Raideep Industries reported FY25 standalone revenue from operations of Rs. 2,290.05 lakhs, down about 10% from Rs. 2,555.35 lakhs in FY24. Standalone profit after tax was nearly flat at Rs. 21.53 lakhs (vs Rs. 21.67 lakhs), with EPS of Rs. 0.39. On a consolidated basis (including share of associates), net profit fell sharply to Rs. 113.10 lakhs from Rs. 186.49 lakhs, pulling EPS down to Rs. 2.02 from Rs. 3.39. The auditor (Montek S & Associates) gave an unmodified opinion but flagged five Emphasis of Matter items, including no physical inventory verification, missing balance confirmations from debtors/creditors, significant related party transactions, an unregistered land & building title (Rs. 148.06 lakhs), and non-recognition of ROU assets under Ind AS 116. Net cash from operating activities was negative at Rs. (168.91) lakhs in FY25, worse than Rs. (117.09) lakhs in FY24. The company confirmed it is not a Large Corporate under SEBI's borrowing threshold norms.
The revenue decline and worsening negative operating cash flow are negative signals, while the multiple emphasis-of-matter items—especially the heavy related party dealings, missing balance confirmations, and Ind AS 116 non-compliance—raise governance red flags that retail investors should weigh carefully despite the clean (unmodified) audit opinion.