Results - Financial Results for Mar 31, 2025
Awaiting price reaction for this filing.
Avishkar Infra Realty reported a sharp turnaround for FY25 on a standalone basis, with total income rising to Rs 362.07 lakh from Rs 119.16 lakh in FY24, and net profit of Rs 435.77 lakh against a loss of Rs 101.51 lakh last year. The profit swing was helped by a deferred tax credit of Rs 71.92 lakh and an exceptional item of Rs 97.55 lakh, while EPS stood at Rs 1.95 versus a loss of Rs 4.22. Operating cash flow, however, deteriorated sharply to negative Rs 1,500.44 lakh from positive Rs 213.78 lakh, mainly due to a Rs 1,609 lakh increase in loans and a Rs 55 lakh rise in receivables. The company raised Rs 2,000 lakh through a fresh share issue, swelling equity capital from Rs 240.33 lakh to Rs 2,240.33 lakh, while reserves remained negative at Rs (797.26) lakh. On a consolidated basis (now including new subsidiary Avishkar Keval Kunj Redevelopment Pvt Ltd), revenue was Rs 362.17 lakh and net profit Rs 417.97 lakh. The auditor flagged an emphasis of matter on disputed title to inventory (pending in court) and unchanged contingent liabilities from earlier years.
Headline profitability looks strong but is propped up by one-time tax and exceptional items, with weak operating cash flow and persistent negative reserves. The roughly 9x jump in equity capital signals significant share dilution for existing holders, while the inventory-title dispute remains a key risk for a realty company.