Submission of Outcome of Board Meeting Held on Friday, 30th May 2025
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The board approved audited standalone financial results for Q4 and FY ended 31st March 2025. Full-year revenue from operations fell about 19% to Rs 7,340 lakhs from Rs 9,048 lakhs, while full-year profit after tax rose to Rs 16 lakhs from Rs 6 lakhs. However, Q4 FY25 slipped into a loss with profit after tax of negative Rs 21 lakhs versus a Rs 16 lakh profit in Q4 FY24. The statutory auditor issued an unmodified (unqualified) opinion, but flagged a Matter of Emphasis about Rs 11.12 lakh of unpaid TDS on Rs 115.78 lakh of expenses and Rs 10.25 lakh of unpaid Provident Fund dues. Operating cash flow remained positive at Rs 420 lakhs and borrowings declined to Rs 1,759 lakhs. The board also appointed a new secretarial auditor for a five-year term and re-appointed the internal and cost auditors for FY26.
Shareholders see a weaker top line and a quarterly loss, partially offset by improved full-year profitability and a clean audit opinion, though tax and PF dues remain unpaid which is a minor governance red flag.