Approval of Audited Standalone & Consolidated Financial Results of the Company for the quarter and financial year ended 31st March, 2025.
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Board approved audited FY25 results showing consolidated revenue from operations at Rs 39,835.81 lacs versus Rs 56,992.32 lacs in FY24, a sharp decline of about 30%. Standalone net profit grew from Rs 312.56 lacs to Rs 464.45 lacs (~49% rise), though consolidated net profit dropped from Rs 4,086.26 lacs to Rs 3,259.78 lacs as share of associate profits fell. Statutory auditors M/s SSSD & Co. issued unmodified opinions with an emphasis of matter on the merger of Popular Mercantile Pvt. Ltd. (NCLT order 25 April 2025, effective 1 April 2024). Cash flow from operations swung sharply negative at Rs -2,365.94 lacs and short-term borrowings surged to Rs 8,259.86 lacs. Board also approved a 5-year appointment of M/s Anand Kumar Sahu & Associates as Secretarial Auditor and re-appointments of Cost and Internal Auditors for FY26.
Mixed picture for shareholders: standalone profitability improved but revenue shrank significantly, consolidated bottom-line weakened on lower associate income, and rising debt with deeply negative operating cashflow could pressure the stock despite the clean audit opinion.