(i) Statements showing the Audited Financial results for the quarter / financial year ended March 31, 2025; and (ii) Auditors' Report with unmodified opinions on audited Financial Results.
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Awaiting price reaction for this filing.
Square Four Projects India Ltd reported audited results for FY25 with no revenue from operations on a standalone basis — total income of Rs 52.29 lakhs came entirely from other income (vs Rs 22.18 lakhs in FY24). Standalone profit after tax swung from a loss of Rs 3.53 lakhs in FY24 to a profit of Rs 22.24 lakhs in FY25, with EPS of Rs 0.11. However, on a consolidated basis (including subsidiary BRC Construction Co Pvt Ltd), the company still reported a net loss of Rs 7.78 lakhs for FY25, though improved from Rs 16.47 lakhs loss in FY24. Auditor SPARK & Associates issued an unmodified opinion. Standalone other equity remains negative at Rs (352.90) lakhs, and operating cash flow turned sharply negative at Rs (239.39) lakhs vs Rs 164.76 lakhs in the prior year, with cash and equivalents dropping from Rs 193.65 lakhs to just Rs 6.54 lakhs.
Standalone headline PAT looks rosy due to a jump in other income (likely interest/sale of assets), but there are no operating revenues, negative reserves, and a severe cash crunch — shareholders should treat this as a thinly-traded micro-cap with weak fundamentals rather than a genuine turnaround story. Stock price impact is likely neutral to negative given the underlying cash drain and persistent consolidated losses.