The Board of Directors of the Company has approved and taken on record Audited financial results for the quarter and year ended 31st March, 2025 along with the Auditors report issued by ....
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The Board of Velox Shipping and Logistics approved audited standalone financial results for Q4 and FY25, with auditor M/s. Bilimoria Mehta & Co. issuing an unmodified opinion. Revenue from operations remained flat at ₹25 lakhs year-on-year, while total income fell to ₹65.67 lakhs in FY25 from ₹94.50 lakhs in FY24 due to lower other income. However, profit after tax jumped sharply to ₹43.95 lakhs in FY25 from about ₹17.95 lakhs in FY24, driven by lower expenses and finance costs. The balance sheet remains small with total assets of ₹838.11 lakhs and equity share capital of ₹797.40 lakhs, while cash and equivalents rose to ₹74.77 lakhs from ₹1.14 lakhs a year ago.
Strong PAT growth (~145% YoY) on a small base is positive for shareholders, though this is partly driven by a drop in total income rather than core business expansion. The flat core revenue and very small scale suggest limited near-term stock price catalysts, but the company flagged plans to use preferential allotment funds for potential international acquisitions.