Vikas EcoTech Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
VIKASECO · price
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Vikas EcoTech Limited submitted audited standalone and consolidated financial results for Q4 and FY25, with the statutory auditor issuing an unmodified opinion. Revenue from operations grew to Rs 285.82 crore in FY25 from Rs 246.60 crore in FY24 (~15.9% growth), while Q4 revenue rose ~30% to Rs 77.54 crore. Reported PAT jumped sharply to Rs 14.28 crore in FY25 from Rs 6.61 crore, but this was largely driven by a one-time Rs 12.87 crore insurance claim (from fire damage) shown as an exceptional item; pre-exceptional profit before tax actually declined to Rs 7.30 crore from Rs 9.10 crore. Operating cash flow turned sharply negative at Rs (43.53) crore versus Rs 119.47 crore in FY24. The company also reversed its earlier share-swap with Shamli Steels, extinguishing 38.03 crore shares, and is contesting a Rs 26.06 crore GST demand.
Headline earnings look strong but are propped up by a one-time insurance windfall; underlying core profitability softened and cash generation from operations turned deeply negative, which is a red flag for working capital or collection issues. Shareholders should watch for recovery in core margins and resolution of the contested GST demand and the pending capital reduction approval.