Audited Standalone Financial Results for quarter and year ended 31st March, 2025
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Vinayak Vanijya Limited reported audited results for FY25 showing total income of ₹9.91 lakhs, down sharply from ₹30.31 lakhs last year. Revenue from operations dropped to zero from ₹19.85 lakhs in FY24, with the company relying entirely on other income of ₹9.91 lakhs. Despite weak top-line, the company posted a small net profit of ₹0.80 lakhs versus a loss of ₹22.75 lakhs in FY24, with EPS of ₹0.08. The auditor's report, however, flagged three qualifications: no valuation report for unquoted investments (IND AS 109 violation), cancellation of the company's NBFC license in 2018 with appeal lost in 2020 which will 'adversely affect operations,' and non-compliance with MCA audit trail directions. Operating cash flow turned negative at ₹(-28.46) lakhs versus positive ₹36.35 lakhs last year, and cash balance fell from ₹57.64 lakhs to ₹29.89 lakhs.
While headline profit turned positive, the auditor's qualifications—including the loss of the NBFC license—signal serious concerns about the company's business viability. Negative operating cash flow and zero operating revenue suggest the company is struggling to generate sustainable business. Shareholders should be cautious as the company's own declaration of 'unmodified opinion' appears inconsistent with the auditor's actual qualified report.