Standalone and Consolidated Financial Statement of the company for the financial year ended 31st March, 2025.
Awaiting price reaction for this filing.
Avishkar Infra Realty reported a sharp swing to profit for FY25 on a standalone basis, with total income rising to Rs 362.07 lacs from Rs 119.16 lacs in FY24, driven by Rs 240 lacs in revenue from operations (nil in FY24) and other business income of Rs 122.07 lacs. Net profit stood at Rs 435.77 lacs versus a loss of Rs 101.51 lacs in FY24, after booking an exceptional item charge of Rs 97.55 lacs; basic EPS improved to Rs 1.95 from negative Rs 4.22. The balance sheet expanded to Rs 2,490.57 lacs (from Rs 718.82 lacs), bolstered by a Rs 2,000 lac equity infusion, though other equity remained negative at Rs (797.26) lacs and operating cash flow was deeply negative at Rs (1,500.44) lacs. Consolidated results, which include new subsidiary Avishkar Keval Kunj Redevelopment Pvt Ltd, showed total assets of Rs 5,894.76 lacs, net profit of Rs 417.97 lacs, and even larger negative operating cash flow of Rs (2,890.64) lacs. The filing itself is a resubmission to BSE after the company clarified that an earlier omission of the consolidated cash flow statement was a technical error.
The return to profitability and large equity raise are positives for shareholders, but the persistently negative reserves, reliance on exceptional items, and large negative operating cash flows indicate the company is still working through legacy losses and funding growth through capital infusion rather than internal accruals. Investors should watch whether the new subsidiary's redevelopment project translates into sustained revenue and positive cash generation going forward.