Audited financial results for the half year and year ended March 31, 2025. Detailed results are enclosed herewith.
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Shoora Designs, a Surat-based diamond manufacturing and trading company, reported FY25 audited results with revenue from operations of ₹486.20 lakhs, up about 9.6% from ₹443.71 lakhs in FY24. Profit after tax rose modestly to ₹5.85 lakhs from ₹5.36 lakhs, with EPS of ₹0.36 versus ₹(0.27) earlier. The auditor (Piyush Kothari & Associates) issued an unmodified opinion, with no qualifications or emphasis of matter. The company raised ₹16.56 crore via a preferential allotment of 31.25 lakh equity shares at ₹53 each, which boosted total equity from ₹338.35 lakhs to ₹2,000.45 lakhs and cash from ₹22.47 lakhs to ₹384.16 lakhs. However, operating cash flow was deeply negative at ₹(1,370.61) lakhs, largely due to an inventory build-up of about ₹1,382 lakhs. No investor complaints were pending during the period.
The fresh capital raise strengthens the balance sheet and supports the sharp inventory build-up, but the deeply negative operating cash flow means the business is currently consuming cash to stockpile diamonds. For shareholders, this is a small-cap SME filing with thin profits, so any positive move depends on how quickly the new inventory is monetised into sales.