Pursuant to the provisions of SEBI Listing Regulations, it is hereby informed that the Board of Directors of the Company at its meeting held today i.e. Tuesday, May 27, 2025 has, inter-alia: ....
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The Board of Directors of Suyog Gurbaxani Funicular Ropeways Ltd, at its meeting on May 27, 2025, approved the audited financial results for the half-year and financial year ended March 31, 2025. Revenue from operations for FY25 stood at approximately Rs 63.12 crore, up about 19% from Rs 53.01 crore in FY24. However, profit after tax fell sharply to about Rs 5.59 crore from Rs 8.69 crore in FY24, a decline of roughly 36%, dragging down EPS to Rs 2.25 from Rs 3.50. The statutory auditor, M/s Aniket Kulkarni & Associates, issued an unmodified (clean) opinion and confirmed no material going concern uncertainty. The Board also re-appointed M/s S K S S & Associates as Internal Auditors for FY26 and appointed Mr. Ameya Dhananjay Bodas as the new Company Secretary and Compliance Officer effective June 1, 2025.
The strong revenue growth is a positive, but the sharp drop in profits and EPS, combined with reserves and surplus turning negative (eroded net worth), signals financial stress and weak shareholder equity, which may weigh on investor sentiment despite the clean audit opinion.