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 approved its audited standalone financial results for the fourth quarter and full year ended March 31, 2025, along with the auditor's report. Revenue from operations is negligible at roughly ₹2 lakhs, indicating the company's core business is essentially dormant. Profit before tax rose sharply to ₹108.65 lakhs (FY24: ₹59.64 lakhs), but the jump is largely driven by a one-time profit of ₹218.91 lakhs from the sale of land, shown as an exceptional item. Basic EPS improved to ₹1.00 from ₹0.82. The auditor (Gorantla & Co) issued an unmodified (clean) opinion, and the company also filed a separate declaration confirming this. Operating cash flow turned positive at ₹35.56 lakhs and the cash balance jumped from ₹1.93 lakhs to ₹167.16 lakhs following the land sale proceeds.
Clean audit is reassuring, but recurring business activity is almost nil — the year's profit was propped up by a one-time land sale, so earnings are not sustainable from operations. Shareholders should view this as a non-operating phase and watch for any revival in core revenue or deployment of the ₹167 lakh cash pile.