The Board of Directors in its meeting held today i.e., on May 29, 2025 has recommended the appointment of M/s. P S Rao & Associates, Company Secretaries as the Secretarial Auditors of ....
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Response Informatics Ltd reported its FY25 audited results on May 29, 2025. Standalone revenue from operations fell to Rs. 963.37 lakhs from Rs. 1,037.11 lakhs in FY24, with standalone PAT dropping sharply to Rs. 19.12 lakhs from Rs. 47.11 lakhs. Consolidated revenue was almost flat at Rs. 3,358.14 lakhs (vs Rs. 3,398.85 lakhs), while consolidated PAT declined to Rs. 180.95 lakhs from Rs. 219.54 lakhs. The company recorded a Rs. 12 lakh exceptional item (provision for diminution in investments). Despite positive bottom-line, both standalone and consolidated operating cashflows turned negative at Rs. (130.41) lakhs and Rs. (202.97) lakhs respectively. The Board recommended appointing M/s. P S Rao & Associates as Secretarial Auditors for 5 years (FY26–FY30), subject to shareholder approval, and discussed a proposed stake acquisition in a Poland-based software development and IT consultancy firm. Statutory auditors issued an unmodified opinion on the results.
The Poland acquisition could be a positive growth signal if executed, expanding the company's European footprint. However, the year-on-year decline in both standalone revenue and PAT, combined with negative operating cashflows, points to weakening core profitability and cash generation, which may concern investors. Overall sentiment is mixed - growth ambitions versus weakening current performance.