With reference to the captioned subject, please find enclosed herewith the Audited Financial Results for the quarter and twleve months ended March 31, 2025, duly approved and taken on record ....
Awaiting price reaction for this filing.
Olympic Management & Financial Services Ltd submitted audited results for FY25. Total income was Rs 14.15 lacs vs Rs 12.96 lacs in FY24, but revenue from core operations dropped about 21% to Rs 5.15 lacs from Rs 6.52 lacs. Total expenses ballooned to Rs 51.44 lacs (vs Rs 22.55 lacs), driving the net loss sharply wider to Rs 45.40 lacs from Rs 16.26 lacs. The balance sheet shows deeply negative other equity of Rs -174.06 lacs (vs -128.66 lacs), and borrowings from a director jumped to Rs 44.23 lacs from Rs 6.98 lacs. Cash flow from operations was deeply negative at Rs -45.43 lacs. The statutory auditor (H.G. Sarvaiya & Co) issued an unmodified opinion on the results.
This is a financially distressed micro-cap with widening losses, declining core revenue, and deeply negative shareholder equity being propped up by director loans. Shareholders should view this as a high-risk situation with no near-term positive catalysts, and the stock is likely illiquid and speculative in nature.