Results-Financial Results for the year ended 31st March,2025
Awaiting price reaction for this filing.
Amit International Ltd reported FY25 total income of Rs 42.42 lakhs, up from Rs 39.37 lakhs in FY24. Total expenses fell to Rs 26.12 lakhs (vs Rs 30.74 lakhs), driving Profit Before Tax up to Rs 16.30 lakhs from Rs 8.63 lakhs. Profit After Tax nearly doubled to Rs 12.57 lakhs (FY24: Rs 6.68 lakhs), with EPS rising to Rs 0.07 from Rs 0.04. The balance sheet remains equity-heavy with total assets of Rs 20.03 crore and negligible borrowings. However, the auditor (Vinod S Mehta & Co) issued a Qualified Opinion flagging seven issues, including non-charging of interest on loans, an unrecovered doubtful advance of Rs 2.32 crore from Topson Iron Ore India with no provision, missing RBI registration under Section 45-IA, absence of internal audit, and non-compliance with Ind AS-19 and Ind AS-109. Notably, the company separately declared the auditor's opinion as 'unmodified', which contradicts the auditor's actual qualified opinion.
Profitability nearly doubled on a small revenue base, which is positive, but the qualified audit opinion — covering serious compliance gaps and a large unrecovered doubtful advance — is a red flag for shareholders. Investors should weigh the headline PAT growth against the auditor's qualifications and the company's own contradictory filing claim of an 'unmodified opinion'.