We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Friday, 30th May, 2025 has: 1. Considered and approved the audited standalone and consolidated ....
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The Board of UVS Hospitality and Services Ltd (formerly Thirdwave Financial Intermediaries Ltd) on May 30, 2025 approved audited standalone and consolidated financial results for FY ended March 31, 2025. Consolidated revenue from operations jumped to Rs. 10,136.97 lakhs from Rs. 122.70 lakhs in FY24, with net profit of Rs. 1,598.89 lakhs versus Rs. 4.04 lakhs earlier. Standalone results, however, showed a net loss of Rs. 564.38 lakhs against a profit of Rs. 4.03 lakhs in FY24. The statutory auditors issued an unmodified (clean) opinion on the results. The Board also appointed M/s. Hemang Satra & Associates as Secretarial Auditors for five years (FY26–FY30) and M/s. Akash Prajapati and Company as Internal Auditors for FY26. About 95% of consolidated revenue came from operations outside India, driven mainly by newly acquired subsidiaries British Brewing Company and UVS Investment Management PTY Ltd (Australia).
The dramatic revenue and profit surge is largely driven by recently acquired subsidiaries rather than organic growth, with the standalone business still in losses. Shareholders should weigh the consolidated turnaround against the dependency on overseas subsidiaries and the weak standalone performance.