Approved Standalone Audited Financial Results for half year and financial year ended March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TGIF Agribusiness, a fruit and vegetable farming company, reported its first full-year audited results since its May 2024 IPO. Revenue from operations came in at Rs 334.37 lakhs versus Rs 153.48 lakhs in the prior period, while profit after tax nearly tripled to Rs 173.82 lakhs from Rs 67.26 lakhs. Basic EPS doubled to Rs 6.72. The statutory auditor issued an unmodified (clean) opinion. Alongside results, Mr. Indrajeet Mitra was redesignated as Non-Executive Chairman replacing Mr. Niraj Gemawat, and new internal and secretarial auditors were appointed. IPO proceeds of Rs 6.39 crore have seen only Rs 1.86 crore deployed so far, though the company reports no deviation from stated use-of-proceeds objects.
Results look strong on paper, but the prior-period figures cover only about three months (the company was incorporated in December 2023), so the year-on-year jump is partly base-effect driven rather than purely organic. The slow utilization of IPO funds may raise execution concerns for shareholders watching for capacity expansion and working-capital deployment.