To considered and approved the following matters: 1. Audited Financial Results of the company for the quarter and year ended 31st March 2025 2. Took note of the Audit Report received ....
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TeleCanor Global Ltd's board approved audited results for Q4 and FY ending 31 March 2025 with an unmodified (clean) audit opinion. For the full year, revenue from operations jumped sharply to Rs 398.89 lakhs from Rs 25.74 lakhs in FY24, driven by a new Aquaculture segment (Rs 274.56 lakhs) and IT Services (Rs 124.33 lakhs). Profit after tax rose to Rs 76.56 lakhs versus Rs 0.82 lakhs in the previous year, with operating cash flow also turning positive at Rs 73.18 lakhs. However, the balance sheet shows deeply negative other equity of approximately Rs (15.79) crores, total financial indebtedness of Rs 11.04 crores that is fully in default, and pending statutory dues including service tax (Rs 56.53 lakhs) and VAT (Rs 16.75 lakhs). A default on a Dhanalakshmi Bank loan dating back to 2012, now assigned to Phoenix ARC, remains unresolved.
While the FY25 turnaround in revenue and profit is striking on paper, shareholders should weigh this against serious distress signals: negative net worth, 100% loan default, and unresolved statutory dues. The stock remains high-risk despite the operational improvement, and the legacy debt issues could pose a going-concern threat.