Audited Financial Results for 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indoworth Holdings reported FY25 audited results with a profit after tax of Rs 14.11 lakhs, turning around from a loss of Rs 0.49 lakh in FY24. Total revenue jumped to Rs 37.07 lakhs from Rs 20.31 lakhs (up ~83%), driven by both operating revenue (Rs 18.83 lakhs, up ~24%) and other income (Rs 18.24 lakhs). Earnings per share came in at Rs 1.13 versus Rs (0.04) in the previous year. Total assets grew to Rs 1,891.55 lakhs and cash and equivalents more than doubled to Rs 411.99 lakhs, while net worth stood at Rs 191.37 lakhs. However, the auditor (R.K. Chandak & Co.) issued a Qualified Opinion flagging three concerns: unlisted equity investments carried at cost without fair value assessment, old loans and advances pending confirmation with no doubtful debt provision, and non-provision of gratuity under Ind AS-19.
The return to profitability and stronger cash balance are positives for shareholders, but the qualified audit opinion signals weak internal controls and uncertain recoverability of old advances and investment valuations. Investors should track the company's response to these qualifications and watch for any further deterioration in asset quality.