Outcome of Board Meeting held on 30.05.2025
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Thirani Projects' board approved audited financial results for Q4 and FY ended 31st March 2025. The company swung to a profit of Rs. 74.72 lakhs in FY25, compared to a loss of Rs. 637.76 lakhs in FY24, largely because the previous year had a one-time loss on sale of securities of Rs. 545.92 lakhs and a doubtful debt provision of Rs. 128.80 lakhs, neither of which recurred this year. Total revenue from operations rose modestly to Rs. 85.24 lakhs (FY24: Rs. 82.86 lakhs), with Q4 revenue at Rs. 24.09 lakhs. The statutory auditor M/s. R.K. Kankaria & Co. issued an unqualified (clean) opinion. No dividend was declared for FY25. The board also appointed a new internal auditor (Ms. Dipika Naresh Dayma) for FY26 and a new secretarial auditor (M/s. Kirti Sharma & Associates) for a five-year term, subject to shareholder approval.
The headline return to profit is driven mainly by the absence of last year's one-time charges rather than strong business growth, so core earnings remain weak. Shareholders should note the company still has negative other equity of Rs. (774.86) lakhs and no dividend, indicating limited financial strength despite the optical profit improvement.