We enclose herewith the Audited Consolidated and Standalone Financial Results, Audit Reports issued by Statutory Auditors of the Company and Statement on Impact of Audit Qualifications ....
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Taylormade Renewables reported strong topline growth for FY25, with consolidated revenue from operations rising about 52% to Rs. 7,114.47 lakh from Rs. 4,690.16 lakh last year. Profit after tax grew to Rs. 1,230.74 lakh from Rs. 1,107.55 lakh, with EPS at Rs. 10.79 versus Rs. 9.98. This is the first set of consolidated results after the company acquired 51% in Taylormade Enviro Private Limited during the year. Both standalone and consolidated results carry a qualified audit opinion: debtors' balance confirmations are still pending, and inventory valuation has been done on the basis of management's technical estimates rather than Ind AS-2 prescribed methods, with the impact unquantifiable. Standalone operating cash flow was deeply negative at Rs. -1,572.73 lakh, and a bad debt write-off of Rs. 340.49 lakh was booked in expenses.
Despite robust reported profits, the qualified audit opinion, unconfirmed debtor balances, and stretched inventory valuation raise concerns about the reliability of numbers. Negative operating cash flow despite accounting profit indicates working capital stress. Shareholders should watch for recovery in receivables and clearer cash conversion in coming quarters; the stock could see volatility given the audit qualifications.