Please find enclosed herewith copy of Audited Standalone and Consolidated Financial Statements along with copy of Auditor's Report and Declaration of unmodified opinion as per SEBI (LODR), ....
THAKDEV · price
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Thakkers Developers Ltd submitted its audited standalone and consolidated financial results for FY25 (year ended March 31, 2025) along with an unmodified auditor's report from Karwa Malani Kalantri & Associates. On a standalone basis, revenue from operations declined sharply to roughly Rs 1,313 lakhs from about Rs 2,215 lakhs in FY24, yet the company swung from a prior-year loss of around Rs 157 lakhs to a net profit of about Rs 231 lakhs. On a consolidated basis, including five wholly-owned subsidiaries, net profit jumped sharply to about Rs 388 lakhs (FY24: ~Rs 13 lakhs), driven mainly by real estate and development activity. The auditor flagged an emphasis of matter noting that internal financial controls need strengthening and that CSR spending under Section 135 of the Companies Act was only partially made.
The clean (unmodified) audit opinion is positive for investor confidence, though weak internal controls and partial CSR spend are governance concerns. Sharp drop in standalone revenue despite a return to profit suggests margin recovery or one-off gains rather than broad-based growth; shareholders should watch for sustained revenue rebound in coming quarters.