Result for the financial year ended on 31.03.2025
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Wagend Infra Venture reported audited FY25 results with revenue from operations collapsing to just Rs 5.80 lakhs from Rs 116.28 lakhs in FY24 — a roughly 95% year-on-year decline. Total revenue (including other income) fell to Rs 42.98 lakhs from Rs 170.80 lakhs. Despite the revenue crash, the company swung to a net profit of Rs 2.29 lakhs in FY25 from a loss of Rs 0.56 lakhs in FY24, supported by lower expenses and other income of Rs 37.18 lakhs. Q4 FY25 alone posted a net loss of Rs 11.29 lakhs. The auditor M/s Singhvi & Sancheti issued an unmodified (clean) opinion. However, operating cash flow turned sharply negative at Rs -85.38 lakhs versus +Rs 32.73 lakhs last year, and the balance sheet is dominated by Rs 963+ lakhs in unsecured loans (including related party loans) without balance confirmations. There are also pending income tax disputes of around Rs 92.5 lakhs from AY 2011-12 and 2012-13.
The core business has nearly vanished with revenue from operations almost nil, raising serious questions about the company's operating viability even as it reports a marginal profit. Shareholders should watch the negative operating cash flow, concentration of assets in unconfirmed loans, and pending tax disputes — these are key risks despite the clean auditor opinion.