Revised Audited Financial Result for Q E March 31, 2021
Awaiting price reaction for this filing.
BLS Infotech Ltd submitted revised audited financial results for FY21 (year ended March 31, 2021) along with its Q4 standalone numbers. Total revenue for the year fell to ₹18.54 lakh from ₹21.90 lakh in FY20, a decline of roughly 15%, mainly because income from operations shrank to ₹1.20 lakh from ₹4.50 lakh. Net profit for the full year was a marginal ₹0.10 lakh (vs ₹0.11 lakh in FY20), while Q4 FY21 slipped into a loss of ₹0.39 lakh compared with a profit of ₹0.29 lakh in Q4 FY20. The statutory auditor, M/s Acharyya Swapan & Co., issued an Unmodified (clean) opinion, and the filing references the previous auditor as 'erstwhile auditors', indicating a change in auditor. Cash flow from operations was negative at ₹(17.50) lakh, though cash and cash equivalents stood at ₹0.23 lakh at year end.
For shareholders: the company is very small with negligible core operations, near-zero profitability, and negative operating cash flow, so the result has limited fundamental impact. The 'revised' label and prior auditor reference suggest governance/filing-history issues that investors should monitor, though the clean audit opinion reduces immediate concern.