Audited financial result for the year ended on March 31, 2025
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Wherrelz IT Solutions Ltd announced its audited FY25 results on May 22, 2025. Revenue from operations rose about 70% to ₹18.17 crore (₹1,816.98 lakhs) from ₹10.72 crore (₹1,071.76 lakhs) in FY24. Despite this top-line growth, the company swung to a heavy loss of ₹9.20 crore (₹919.86 lakhs) versus a small profit of ₹0.10 crore in FY24. Net worth eroded sharply into negative territory at ₹(7.52) crore, down from positive ₹1.42 crore a year earlier. Operating cash flow was deeply negative at ₹(10.24) crore, and short-term borrowings climbed to ₹52.20 crore from ₹38.48 crore. The statutory auditor B.B. Gusani & Associates issued an unmodified (clean) opinion on the results.
Despite strong revenue growth, the deep swing into losses and the collapse of net worth into negative territory raise serious going concern concerns. Shareholders should watch closely for any signs of stress on servicing the ballooning short-term borrowings and bridging the gap between growing sales and persistent cash burn.