Audited Financial Results for the quarter and year ended March 31, 2025

Going ConcernEmphasis Of MatterExceptional ItemPat Growth 25pctResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-2.5% vs market

Other Food Products peers, median of 17sector-0.9%-1.2% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.2 pts less than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Kore Foods Limited (BSE: 500458) announced audited results for FY25 with a clean, unmodified auditor opinion from VC Shah & Co. The company swung from a loss of about Rs. 1.48 crore in FY24 to a profit of around Rs. 1.14 crore in FY25, driven largely by a one-time waiver of a promoter director loan of Rs. 2.82 crore booked as an exceptional item through a One Time Settlement (OTS). Net worth turned positive thanks to a revival plan with Team24 Foods and Beverages Pvt Ltd, an open offer for promoter holdings, and a Rs. 14 crore preferential issue of 1.4 crore equity shares, proceeds of which were used to redeem preference shares and settle the director's loan. Cash and cash equivalents jumped sharply to about Rs. 12.76 crore (from just Rs. 13,000 last year), and operating cash flow turned positive at Rs. 33.73 lakh versus a Rs. 28.35 lakh outflow previously. The auditor flagged three Emphasis of Matter items: the revival plan, the OTS, and the preference share redemption. The board also recommended shareholders approve shifting the registered office, changing the company name, and expanded borrowing/lending powers.

Likely market impact

Shareholders should note the profit turnaround is largely non-cash, supported by a loan waiver and one-time gains rather than core operations—cash losses persist (Rs. 20.26 lakh this year, Rs. 38 lakh last year). The revival plan with Team24 and positive net worth reduce going-concern risk, while the proposed name change and larger borrowing limits could signal strategic shifts. Watch for execution of the Team24-led revival before treating the turnaround as sustainable.