Audited Financial Result for quarter and year ended March 31, 2025
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V R Films & Studios reported FY25 revenue from operations of Rs 1,222.43 lakhs, marginally down from Rs 1,240 lakhs in FY24. The company swung to a much larger net loss of Rs 374.44 lakhs in FY25 versus Rs 61.30 lakhs loss in FY24, with the Q4 loss alone at Rs 274.69 lakhs. The auditor (B.L. Dasharda & Associates) issued an unmodified opinion but flagged an Emphasis of Matter: the company changed its inventory valuation method for film distribution rights from 'release basis' to 'license period basis' due to a shift toward OTT (own platform VROTT), which reduced profit by Rs 298.67 lakhs. Operating cash flow was positive at Rs 285.33 lakhs (vs Rs 59.76 lakhs last year), but reserves turned negative at Rs (316.43) lakhs, and short-term borrowings stand at Rs 692.87 lakhs. M/s M.R.V. & Associates was appointed as internal auditor for FY25-26.
Shareholders should note the sharp widening of losses and erosion of net worth into negative territory, though part of the loss is driven by a one-time accounting change in inventory valuation. With negative reserves and ongoing losses, the company's long-term financial health warrants close monitoring despite positive operating cash flow.