Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations 2015, as amended from time to time, please note that the Board of Directors of the company in its meeting held today 30th ....
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The Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone FY25 revenue grew ~11.7% to Rs 16,682.42 lakhs and PAT rose ~44.5% to Rs 135.72 lakhs; consolidated revenue grew ~14.3% to Rs 31,525.23 lakhs and PAT rose ~25% to Rs 445.51 lakhs. The statutory auditor (Purushottam Khandelwal & Co.) issued an unmodified opinion on standalone results but a qualified opinion on consolidated results, citing inability to obtain sufficient evidence on the fair value of the associate Chandanpani Enterprise's foreign investment of Rs 202.16 lakhs. Operating cash flow turned sharply negative at Rs -280.15 lakhs versus Rs +634.24 lakhs in FY24. The Board also appointed G R Shah & Associates as Secretarial Auditor, Susheel Ajmera & Co. as Internal Auditor, and re-appointed K V M & Co. as Cost Auditor for FY 2025-26.
Strong headline profit growth is offset by a qualified audit opinion on consolidated numbers and a swing into negative operating cash flow, signalling weak cash conversion that investors should monitor. Ongoing dispute with Naaptol over Rs 113.12 lakhs receivable and Rs 105.85 lakhs inventory, now provisioned at 50%, adds further risk to asset quality.