Considered and approved the Audited Financial Results for the Quarter and year ended on 31st March,2025.
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Awaiting price reaction for this filing.
Yash Innoventures reported audited FY25 results showing a sharp turnaround into losses. Total income fell from Rs 303.93 lacs in FY24 to Rs (21.03) lacs in FY25, with revenue from operations going negative at Rs (21.63) lacs versus Rs 274.94 lacs last year. The company posted a loss before tax of Rs 199.76 lacs (vs profit of Rs 37.83 lacs) and a loss after tax of Rs 324.62 lacs (vs profit of Rs 76.43 lacs), translating to a negative EPS of Rs (4.83). Total equity eroded from Rs 1,399.55 lacs to Rs 1,074.94 lacs, while total borrowings surged to Rs 1,047.65 lacs, pushing the debt-to-equity ratio close to 1:1. The auditor (Shah & Shah) issued a Qualified Opinion, flagging two issues: (a) borrowing of Rs 1,088.33 lacs from a partnership firm, breaching Section 73 deposit rules, with Rs 679.52 lacs still outstanding, and (b) an additional director claimed as independent not meeting Section 149(6) independence criteria.
Negative for shareholders — the swing to a Rs 324 lac loss, eroding equity, a qualified audit opinion citing regulatory breaches, and sharply higher borrowings signal serious operational and governance concerns. The stock is likely to come under pressure due to the weak results and audit qualifications.