Outcome of the Board Meeting held on 29.05.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zodiac-JRD-MKJ Ltd, a diamonds and jewellery company, reported audited results for FY25 on May 29, 2025. Revenue from operations more than doubled to Rs. 2,298.57 lakhs (from Rs. 1,088.51 lakhs in FY24, over 110% growth). The company swung back to a net profit of Rs. 42.84 lakhs compared to a net loss of Rs. 136.94 lakhs in the previous year. Basic EPS stood at Rs. 0.83 versus a loss of Rs. 2.65 earlier. Operating cash flow improved sharply from negative Rs. 816.44 lakhs to positive Rs. 1.15 lakhs. However, the statutory auditor issued a qualified opinion, flagging absence of physical inventory verification and pending confirmations on trade receivables and payables.
A clear operational turnaround for shareholders — revenue doubled and the company returned to profitability with improved cash flows. However, the qualified audit opinion due to unverified inventory and pending trade confirmations is a governance red flag investors should monitor closely.