Unaudited Financial Result for the Quarter Ended June 2024
Awaiting price reaction for this filing.
Shri Krishna Prasadam reported zero revenue from operations for Q1 FY25 (quarter ended June 30, 2024), unchanged from the prior quarter and down from Rs 0.29 lakh in the year-ago quarter. Total expenses surged to Rs 32.35 lakhs from Rs 0.93 lakhs in Q4 FY24, driving a net loss of Rs 32.35 lakhs versus a Rs 0.93 lakh loss in the previous quarter and Rs 1.36 lakh loss in Q1 FY24. The company explicitly states that 'no business activity was performed by the company during the reporting period,' making segment reporting inapplicable. Loss per share widened sharply to Rs (0.32) from Rs (0.01) in Q4 FY24. Notably, the board re-adopted unaudited results for multiple quarters (from Sept 2023 through June 2025) on January 2, 2026, well after the original August 2025 approval. The auditor (A K P S & Co.) issued an unmodified limited review report.
With no revenue, rising expenses, and widening losses, the company appears operationally inactive—a significant red flag for shareholders. The late re-adoption of multiple quarters of results also raises governance concerns, though the auditor's report is clean.