Copy of financials and outcome of board meeting
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Trade Wings Ltd's board approved its audited standalone and consolidated results for FY25 on 28 May 2025. Standalone revenue rose modestly to Rs. 218.76 crore from Rs. 213.41 crore, while standalone profit after tax jumped sharply to Rs. 57.21 lakh from just Rs. 5.74 lakh in FY24. On a consolidated basis, revenue grew to Rs. 255.80 crore from Rs. 247.54 crore and PAT increased to Rs. 189.43 lakh from Rs. 157.83 lakh, with EPS rising to Rs. 12.68 from Rs. 10.37. The auditor's report is unqualified but includes an emphasis of matter noting that no impairment has been provided for the company's investment in its wholly owned subsidiary Trade-wings Hotels Ltd, with management expecting positive trends on a going-concern basis. The board also re-appointed Shailendra Mittal as Managing Director for one year, effective 30 May 2025.
Results show a clear turnaround on the standalone side with a tenfold jump in profits, though the base was very small and standalone reserves remain negative. The high debt-to-equity ratio (around 8x standalone) and the auditor's emphasis on the unrecovered investment in the hotel subsidiary are key concerns shareholders should monitor.