Outcome of Board Meeting: Approval of Audited Financial Statements for the Period Ended March 2025

Revenue growth above 20%Net loss reportedNegative operating cash flowResults View source PDF Explain this filing

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AI summary

The Board approved audited financial results for Q4 and FY ended March 31, 2025, with a clean (unmodified) opinion from statutory auditor G.R. Gupta & Company. The company posted its first full year of operating revenue at ₹900.03 lakhs, compared to nil operating revenue in FY24. Total income rose to ₹906.71 lakhs from ₹357.82 lakhs. However, the company slipped into a loss, reporting a Profit After Tax of negative ₹24.50 lakhs versus a profit of ₹320.74 lakhs in FY24 (which was driven by one-time non-operating income/asset sale of about ₹375 lakhs). Loss per share stood at ₹0.55 for FY25. The balance sheet shows total assets swelling to ₹517.67 lakhs (from ₹168.67 lakhs), with negative other equity of ₹335.58 lakhs reflecting accumulated losses. Operating cash flow was negative at ₹40.49 lakhs, though closing cash improved to ₹102.84 lakhs. The filing also notes that FY24 was audited by a different firm of chartered accountants.

Likely market impact

While the company has successfully launched operating revenue, shareholders should note that it remains loss-making at both the operating and net level, with accumulated losses wiping out shareholder equity (other equity is negative ₹335.58 lakhs). The switch from a one-time profit in FY24 to ongoing losses may weigh on the stock, though revenue ramp-up is a positive structural development worth monitoring.