The Standalone Audited Results have been attached herewith
Awaiting price reaction for this filing.
PAE Limited, which recently emerged from the corporate insolvency resolution process (CIRP) with an NCLT-approved resolution plan, reported audited results for Q4 and FY25. Total revenue jumped to Rs. 61,422 lakhs in FY25 from just Rs. 8 lakhs in FY24. The company swung to a net profit of Rs. 1,348 lakhs (vs a loss of Rs. 68 lakhs in FY24), with EPS of Rs. 12.94. However, the auditor issued a disclaimer of opinion due to inability to verify receivables, payables, borrowings, bank balances, and physical fixed assets. Operating cash flow remained negative at Rs. -208 lakhs, and total equity is still negative at Rs. -1,478 lakhs. The board also approved treating Rs. 4.85 crore of unsecured loans as quasi-equity for future conversion to equity.
The dramatic revenue jump most likely reflects one-time CIRP settlement income rather than sustainable operating performance. Combined with a disclaimer of opinion, deeply negative equity, and negative operating cash flow, investors should view the headline turnaround with caution and watch for genuine core business performance in coming quarters.