Financial Result for the quarter and year ended March 31, 2024
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Awaiting price reaction for this filing.
Typhoon Holdings Limited reported audited financial results for FY24, with revenue from operations falling sharply to ₹51.86 lakhs from ₹92.25 lakhs in FY23 (a decline of roughly 44%). Despite the revenue drop, net profit nearly doubled to ₹2.22 lakhs (from ₹1.14 lakhs), though the absolute amount remains very small. Q4 FY24 revenue was ₹18.45 lakhs versus ₹16.28 lakhs in Q4 FY23, with a Q4 net profit of ₹0.29 lakhs. The company's reserves continue to be negative at ₹(44.50) lakhs, indicating accumulated losses. The auditor issued an Emphasis of Matter noting that trade receivables, trade payables, loans, deposits, and advances are subject to confirmation and reconciliation from relevant parties, though the overall audit opinion remains unmodified. Operating cash flow was marginally positive at ₹0.40 lakhs. Critically, the company is suspended/delisted from BSE due to non-payment of annual fees, and ROC annual filings have been pending since FY 2012-13.
This is a deeply negative filing for shareholders — the stock is already suspended from BSE trading, the company has accumulated losses wiping out its reserves, and there is a long history of compliance failures. Even though reported profit nearly doubled, the small base and material audit qualifications on receivables/payables mean this is not a recovery story. Shareholders face very poor liquidity and significant uncertainty about the company's viability.