We wish to inform you that the meeting of the Board of Directors of the Company held Today i.e. Thursday, May 29, 2025 1..Considered and approved Audited Financial Results (Standalone ....
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The board approved audited financial results for Q4 and FY ended March 31, 2025. On a standalone basis, revenue from operations rose to ₹879.78 lakhs (vs ₹822.15 lakhs in FY24), while profit after tax jumped to ₹262.15 lakhs (vs ₹181.25 lakhs), a ~45% increase. Consolidated revenue grew to ₹1,289.71 lakhs with PAT of ₹223.05 lakhs, up ~26% year-on-year. EPS improved to ₹1.29 (standalone) and ₹1.15 (consolidated) from ₹0.89 and ₹0.87 respectively. Statutory auditors M/s Maheshwari & Co. issued an unmodified (clean) opinion on both sets of results. The board also approved a shift of the registered office within Mumbai (from Vikhroli West to Jogeshwari East). A ₹170 lakhs arbitration award linked to a 2016-17 non-compete dispute was used to adjust goodwill downwards by ₹139.12 lakhs (net of legal costs).
Strong profit growth, a clean audit report, and significant debt reduction (non-current borrowings fell from ₹410.94 lakhs to ₹63.20 lakhs) are positive signals for shareholders, though revenue growth was modest and operating cash flow dropped sharply year-on-year.