Audited Financial Results for FY 2024-25
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Vision Corporation reported audited results for FY25 with revenue from operations falling sharply to Rs 1,216.40 lakhs from Rs 1,921.92 lakhs in FY24, a decline of roughly 37%. The company swung from a small profit of Rs 12.4 lakhs last year to a net loss of Rs 1,454.83 lakhs this year. The bulk of the loss came from exceptional items, including a full impairment of an old Rs 11 crore investment in POL India Ltd (now in liquidation), write-offs of other non-recoverable advances and investments, and a major hit of about Rs 5.53 crores from vendor-related irregularities flagged as fraudulent or non-genuine transactions involving parties like ORLOV Solution and DIRAOASIS Media. Operating cash flow turned sharply negative at minus Rs 1,644.19 lakhs compared to a positive Rs 79.68 lakhs last year. The statutory auditor (Bhasin Hota & Co.) issued an unmodified opinion, and SK Dwivedi & Associates was appointed as Secretarial Auditor.
Shareholders face a deeply negative year with a swing to large losses driven by one-time write-offs and a disclosed vendor fraud, while core revenue has shrunk sharply and cash burn from operations has accelerated — a significant red flag despite the clean audit opinion.