The Board of Directors of the Company have approved the Audited Financial Results for the Quarter and Year ended March 31st 2025 at their meeting held on May 9, 2025.
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The board approved audited standalone financial results for FY25 at its May 9, 2025 meeting. Total revenue jumped sharply to Rs. 186.05 lakhs in FY25 from Rs. 19.86 lakhs in FY24, driven by revenue from operations of Rs. 80.73 lakhs (against nil earlier) and other income of Rs. 105.32 lakhs. However, the company slipped into a loss with FY25 profit after tax at Rs. (1.05) lakhs versus a profit of Rs. 6.45 lakhs last year, and EPS turned negative at Rs. (0.02). The company also raised Rs. 507.26 lakhs via 1,00,25,000 convertible warrants allotted on a preferential basis, boosting cash from operations-related outflows significantly. The statutory auditor PPKG & Co. issued an unmodified (clean) opinion on the results.
The sharp revenue jump is encouraging but the bottom-line loss and negative operating cash flow of Rs. 229 lakhs suggest the business is still not self-sustaining. The fresh warrant infusion improves liquidity for now, but shareholders should watch whether the company can convert this into genuine operational profits in coming quarters.