Audited Financial Results for Half Year and Year ended on March 3, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vedant Asset Ltd reported audited FY25 results with total income rising to Rs 383.56 lakhs from Rs 309.74 lakhs in FY24, an increase of about 24%. Revenue from operations grew around 33% to Rs 338.74 lakhs. Profit After Tax jumped sharply to Rs 22.17 lakhs from just Rs 3.50 lakhs in FY24, though this is on a small base. EPS for FY25 stood at Rs 0.80 versus Rs 0.85 earlier. The statutory auditor N.K. Kejriwal & Co. issued an unmodified (clean) opinion. The company fully divested its subsidiary Kartik Credit Pvt Ltd effective July 1, 2024. The auditor flagged an outstanding tax demand for AY 2021-22 and unreconciled TDS entries as 'Other Matters', though these did not affect the clean opinion.
Top-line growth and a sharp recovery in net profit are positives, but the company continues to post negative operating cash flows (Rs 82.18 lakhs used in operations), raising questions on earnings quality. The clean audit opinion is reassuring, though the pending tax demand is a small overhang worth monitoring. Overall, mixed signals for shareholders.