Financial Results for quarter and year ended March 31, 2025 approved at the Board meeting held on May 30, 2025 is attached
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Tulive Developers Limited reported audited results for FY25 with no revenue from operations, only other income of ₹47.28 lakhs (up from ₹18.32 lakhs in FY24), largely from interest and investment gains. The company posted a net loss of ₹127.34 lakhs for FY25, widening from a loss of ₹93.39 lakhs in FY24, mainly due to depreciation of ₹98.62 lakhs and other expenses. Reserves declined to ₹4,471.05 lakhs from ₹4,598.39 lakhs, while cash and cash equivalents improved to ₹307.88 lakhs from ₹168.31 lakhs. Operating cash flow turned positive at ₹103.41 lakhs compared to an outflow of ₹884 lakhs in FY24. Statutory auditor Dagliya & Co. issued an unmodified opinion on the financial statements.
The company continues to have no operating business and is burning cash through expenses, resulting in deeper losses and erosion of reserves, which is negative for shareholders. However, the unmodified audit opinion and improving cash position reduce immediate solvency concerns.