The Board of Directors at their meeting today approved the Audited standalone financial results for the quarter and year ended 31st March, 2025 and the Auditors report issued by the Statutory Auditors
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Velox Shipping and Logistics Limited (formerly Velox Industries Limited) submitted its audited standalone financial results for Q4 and FY25, with statutory auditor Bilimoria Mehta & Co. issuing an unmodified (clean) opinion. Total income for FY25 rose about 71% to Rs. 69.50 lakhs from Rs. 40.67 lakhs in FY24, but this growth was driven almost entirely by a jump in 'Other Income' to Rs. 44.50 lakhs (vs Rs. 15.67 lakhs). Revenue from operations stayed flat at Rs. 25 lakhs. Profit after tax (PAT) surged to Rs. 43.95 lakhs in FY25 from Rs. 17.95 lakhs, with EPS rising to Rs. 0.23 from Rs. 0.11. The Board also noted it will consider reallocating Rs. 6 crore originally raised via a 2021 preferential allotment, with proposed uses including a strategic investment in International Logistics Associates LLC (USA), international acquisitions, working capital, and general corporate purposes.
The clean auditor opinion removes any near-term governance concerns, and headline PAT growth looks strong, but retail investors should note that the earnings jump is largely from non-operating income (likely interest/loans repaid) rather than a scaling shipping or logistics business — core revenue was unchanged. The proposed Rs. 6 crore fund reallocation toward international expansion is a key forward catalyst to watch, as it would change the company's strategic direction.