Attached herewith the Audited Standalone and consolidated Financials for the year ended 31 march 2025
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Thakkers Developers Ltd submitted its audited standalone and consolidated financial results for FY25 (year ended 31 March 2025) to BSE on 29 May 2025. The statutory auditor M/s Karwa Malani Kalantri & Associates issued an unmodified (clean) opinion on both sets of results. On a standalone basis, revenue from operations declined to about Rs 13.13 crore from Rs 16.49 crore in FY24, while profit after tax improved to about Rs 1.35 crore. On a consolidated basis (including five wholly-owned subsidiaries), revenue rose to about Rs 38.79 crore from Rs 32.92 crore, and consolidated profit after tax jumped sharply to about Rs 11.19 crore. Total assets on a consolidated basis stood at around Rs 161 crore. The board also declared an unmodified opinion for both standalone and consolidated results under SEBI LODR Regulation 33(3)(d).
Clean audit opinion is positive for credibility, but the auditor flagged that internal financial controls need strengthening and CSR spending was only partially met. Standalone top-line shrank while consolidated profit surged, suggesting subsidiaries drove the overall improvement. Shareholders should watch whether internal control weaknesses are addressed and whether standalone operations can return to growth.