Outcome of Board Meeting held on Wednesday, 16th April, 2025
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Typhoon Holdings' board, on April 16, 2025, approved the unaudited financial results (along with limited review report) for three quarters in one go: June 30, 2024, September 30, 2024 and December 31, 2024 — indicating a significant delay in quarterly reporting. For Q1 FY25 (June 2024), revenue from operations stood at ₹15.12 lacs versus ₹18.45 lacs in the same quarter of the previous year, an 18% year-on-year decline. Despite weaker sales, net profit improved sharply to ₹0.69 lacs from ₹0.29 lacs a year earlier, driven mainly by lower expenses. The auditor (S K Bhavsar & Co.) issued an unqualified limited review report. Notably, the company's reserves excluding revaluation reserves stood at a negative ₹(44.50) lacs, meaning accumulated losses have wiped out net worth.
The simultaneous approval of three quarters of results is a compliance red flag that may concern investors about governance and reporting discipline. Negative reserves raise going-concern questions despite the small profit recovery, while the sharp top-line decline signals weak underlying business momentum.