Revised Outcome of Board Meeting held on Tuesday, 27th May, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited financial results for the quarter and year ended March 31, 2025. Revenue from operations jumped to ₹5,867.10 lakhs in FY25 from ₹914.39 lakhs in FY24, a roughly 6x increase. The company swung back to profit with a PAT of ₹58.42 lakhs versus a loss of ₹356.99 lakhs last year, with EPS of ₹0.70 versus (₹4.25). Statutory auditor SSRV & Associates issued an unmodified (clean) opinion. Other approvals include appointment of secretarial and internal auditors, a shift of the registered office from Surat to Ahmedabad, an EGM on June 21, 2025, and a major widening of the company's main business objects to cover tourism, transport, textiles, agri-commodities, and gold/precious metals trading. Trade payables ballooned to ₹8,766.87 lakhs (from ₹273.07 lakhs) and operating cash flow stayed negative at (₹601.02) lakhs.
The sharp revenue jump and return to profitability are positive signals for shareholders, but the surge in trade payables and continued negative operating cash flow indicate the growth is heavily funded by supplier credit rather than cash generation. The change in main objects and registered office suggests a strategic pivot or expansion plan, which shareholders should watch at the June 21 EGM.