Audited Financial Result for the year ended 31st march, 2025
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The Board approved audited results for FY25 with total revenue of Rs. 135.47 lakhs, up sharply from Rs. 51.62 lakhs in FY24, driven by new trade receivables of Rs. 109.58 lakhs. However, expenses surged to Rs. 142.34 lakhs and the company slipped into a loss of Rs. 8.36 lakhs, compared to a profit of Rs. 5.46 lakhs last year. EPS turned negative at (0.70) versus 0.46 earlier. Cash flow from operations was negative at Rs. (42.65) lakhs and cash balances dropped to Rs. 8.64 lakhs from Rs. 28.94 lakhs. The Board also approved changing the company name to 'I-Stay Industries Limited' and pursuing a new acquisition of I-Stay Hospitality Pvt Ltd to expand into the hospitality business. The auditor issued an unmodified (clean) opinion.
Despite top-line growth, shareholders should note the swing to losses, negative operating cash flow, and dwindling cash reserves. The proposed name change and acquisition signal a strategic pivot into hospitality, but execution and funding risks remain given the weak cash position.