Approval of the Standalone and Consolidated Financial Statements for the Second half year ended and year ended 31st March 2025 and the consideration of the Limited Review Report thereon ....
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The Board approved the standalone and consolidated audited financial statements for the half-year and year ended 31 March 2025. Statutory auditors CGSS & Associates LLP issued an unmodified (clean) opinion on both sets of results. Consolidated FY25 revenue grew 7.08% YoY to ₹1,003.8 Mn, while standalone revenue grew 6.2% YoY to ₹944.2 Mn. However, profitability was weak — consolidated EBITDA fell 21.9% YoY to ₹97.1 Mn with margin compressing to 9.7% (from 13.3%), and PAT dropped 33.6% YoY to ₹40.5 Mn. The company also reported a sharply negative operating cash flow of ₹(1,707.78) lakhs versus ₹330.94 lakhs in FY24, driven by a large increase in receivables. IPO funds of ₹29.95 crores were fully utilised in H1FY25 with no deviations. The Board recommended a dividend of ₹0.30 per share (3%) on a face value of ₹10, subject to shareholder approval. The auditor included an emphasis of matter paragraph regarding gratuity disclosure under AS-15, though the opinion remained unmodified.
For shareholders: a modest first dividend post-listing signals confidence, but the steep decline in profits and negative operating cash flow — despite revenue growth — point to margin pressure and working capital strain. FY26 guidance targets revenue of ₹130 Cr and EBITDA margin recovery to 11–13%, but near-term stock sentiment may be tempered by weak FY25 earnings.