To consider, approve & take on record the Audited Financial Result for the year ended 31st March, 2025 as per Regulation 33 of the listing Regulation and take on record the Limited Review ....
Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated financial results for the year ended March 31, 2025. Auditor S D P M & Co. issued an unqualified opinion with an emphasis of matter flagging that the title of inventory is unclear due to a long-pending court dispute, and that contingent liabilities remain carried forward from earlier years. On a standalone basis, the company swung from a loss of Rs 101.51 lacs in FY24 to a profit of Rs 435.77 lacs in FY25, supported by an exceptional item of Rs 97.55 lacs and a jump in revenue from operations from Rs 40 lacs to Rs 200 lacs. However, operating cash flow was sharply negative at Rs (1,500.44) lacs, mainly because the company extended large loans of Rs 1,609.12 lacs. Consolidated results include the new subsidiary Avishkar Keval Kunj Redevelopment Private Limited, reporting a consolidated PAT of Rs 417.97 lacs.
The turnaround from loss to profit is a positive headline, but the negative operating cash flow, unresolved inventory title dispute, and continuing contingent liabilities are warning signs that investors should weigh carefully before taking a constructive view.