The Board of Directors of the company at their meeting held on 11th August, 2025 has approved the the un-audited financial results for the quarter ended on 30th June, 2025
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The board approved unaudited results for the quarter ended 30 June 2025. Revenue from operations rose to Rs. 455.02 lakhs, up about 45% from Rs. 314.32 lakhs in the same quarter last year, but lower than Rs. 621.71 lakhs in the preceding quarter. The company swung to a small profit of Rs. 2.48 lakhs versus a loss of Rs. 66.39 lakhs in Q1 FY25. The balance sheet shows weak fundamentals: reserves and surplus are deeply negative at Rs. (601.57) lakhs and short-term borrowings are Rs. 1,316.37 lakhs. The auditor flagged in an 'Other Matter' paragraph that the company's ability to continue as a going concern depends on the outcome of a pending sale of 180 cents of land at Vengalam, Calicut.
The YoY revenue growth and return to profit are positive, but the deeply eroded reserves, high debt, and the auditor's going-concern warning tied to the land sale make this a high-risk situation for shareholders to watch closely.