The Board of Directors of the Company at their Meeting held today i.e. on Thursday, the May 29, 2025, have considered and approved the Audited Financial Results of the Company for the ....
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Zodiac-JRD-MKJ Ltd, a diamond and jewellery company, announced its audited results for FY25. Revenue from operations jumped to Rs. 2,298.57 lakhs from Rs. 1,088.51 lakhs in FY24 — a sharp ~111% increase. The company swung to a net profit of Rs. 42.84 lakhs in FY25, compared to a net loss of Rs. 136.94 lakhs in FY24, with EPS improving to Rs. 0.83 from a loss of Rs. 2.65. The auditor issued a qualified opinion, flagging that physical inventory verification was not done at year-end and could not be completed, making inventory realisable value unverified. Emphasis of matter notes included a Rs. 49.32 lakh vendor payable outstanding over 3 years and trade receivables/payables pending confirmation. Cash position weakened, with year-end cash falling to Rs. 5.55 lakhs from Rs. 75.20 lakhs, though operating cashflow turned marginally positive at Rs. 1.15 lakhs.
The strong revenue growth and return to profitability are positives for shareholders, but the qualified audit opinion on inventory and the sharp drop in cash reserves are red flags that may weigh on investor confidence.