The Board of Directors of Clenon Enterprises Limited, have at their meeting held on Friday, the 30th day of May, 2025, interalia considered and approved, along with other business items, ....
Awaiting price reaction for this filing.
The board of Clenon Enterprises Limited met on May 30, 2025 and approved the standalone audited financial results for Q4 and full year ended March 31, 2025. Statutory auditor Gorantla & Co issued an unmodified (clean) opinion on the results, separately confirmed by the Whole-time Director under SEBI Reg 33(3)(d). Total income for FY25 was Rs 196.30 lakhs, with profit before exceptional items and tax of about Rs 86.81 lakhs versus Rs 10.85 lakhs in FY24. Basic and diluted EPS stood at Rs 1.01 vs Rs 0.82 in FY24. Operating cash flow was positive at Rs 35.56 lakhs (FY24: Rs 24.71 lakhs), and cash balance jumped sharply to Rs 167.16 lakhs from Rs 1.93 lakhs, largely helped by a sale of land. Non-current borrowings remain elevated at Rs 778.69 lakhs against equity share capital of Rs 861.53 lakhs. The FY24 financing activities include an 'adjustment due to CIRP', indicating the company has undergone Corporate Insolvency Resolution Process-related restructuring in the recent past.
A clean audit opinion and stronger year-on-year profits are positive signals, but the legacy CIRP adjustment, heavy borrowings, and tiny revenue base mean the business remains small and turnaround-dependent. Retail investors should treat this as a high-risk, thinly-traded micro-cap and watch for sustained revenue growth and debt reduction.