Submission of Audited Financial Statement for the FY ended 31st March 2025.
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd filed its audited standalone financial results for FY25. Total income jumped sharply to about Rs. 5.09 crore from Rs. 1.42 crore in FY24, led by a big increase in revenue from operations. Despite this strong top-line growth, the company stayed in the red with a loss after tax of roughly Rs. 1.05 crore, though this was much narrower than the Rs. 1.99 crore loss in FY24. Loss per share improved to Rs. 1.18 from Rs. 3.27. The company raised about Rs. 2.48 crore through a rights issue in May 2024, which helped clear short-term borrowings, but cash and equivalents fell steeply to around Rs. 34 lakh from Rs. 1.66 crore. Statutory auditor KGS & Associates issued an unmodified opinion, and a separate declaration of unmodified opinion was also filed.
The sharp revenue jump and narrower loss are positives, but the company is still loss-making and its cash cushion has thinned significantly. Shareholders should track whether the revenue surge and recent equity infusion translate into a sustained move to profitability.