Adroit Infotech Limited's Board of Directors, in a meeting held on 22 May 2025, approved the annual audited standalone and consolidated financial results for the financial year ended 31 March 2025. The company's statutory auditors, M/s. Rao & Shyam Chartered Accountants, have provided an unmodified opinion on these financial results.
Key highlights from the financial performance are as follows:
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Consolidated Financial Highlights for the year ended 31 March 2025:
- Net profit before tax and extraordinary items stood at ₹151.48 lakhs, compared to ₹381.33 lakhs in the previous year (31 March 2024).
- Total Assets significantly increased to ₹9,647.56 lakhs from ₹4,792.43 lakhs as of 31 March 2024.
- Equity Share Capital grew to ₹5,417.72 lakhs from ₹2,979.26 lakhs in the prior year.
- Other Equity increased substantially to ₹1,942.86 lakhs from ₹361.58 lakhs.
- Closing cash and cash equivalents were ₹191.09 lakhs, up from ₹166.30 lakhs.
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Standalone Financial Highlights for the year ended 31 March 2025:
- Net profit before tax and extraordinary items was ₹145.04 lakhs, down from ₹203.25 lakhs in the previous year (31 March 2024).
- Total Assets rose to ₹8,816.18 lakhs from ₹4,107.74 lakhs as of 31 March 2024.
- Equity Share Capital stood at ₹5,417.72 lakhs, up from ₹2,979.26 lakhs.
- Other Equity saw a significant increase to ₹1,637.76 lakhs from ₹73.36 lakhs.
- Basic Earnings Per Share (after extraordinary items) for the year ended 31 March 2025 was ₹(0.00), compared to ₹0.99 for the year ended 31 March 2024.
- Closing cash and cash equivalents were ₹178.83 lakhs, compared to ₹145.82 lakhs.
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Significant Items impacting results:
- The company recognized an exceptional gain of ₹293.17 lakhs during the period, primarily due to the reversal of contingent consideration related to the acquisition of Varso. This reflects the final settlement terms where the remaining contingent payout was waived due to non-compliance with conditions.
- Other expenses included bad debts amounting to ₹323.70 lakhs.
- An extraordinary charge (net of tax) of ₹47.68 lakhs was recognized, representing GST liability for FY 2018-19, following an appellate order dated 26 March 2025.
- Deferred tax expense for the quarter included ₹127.12 lakhs of tax assets that are no longer utilizable.
In accordance with insider trading regulations, the trading window for Adroit Infotech Limited's shares remains closed for all designated persons up to 48 hours after the conclusion of the board meeting. The board meeting commenced at 04:00 P.M. and concluded at 09:15 P.M. on 22 May 2025.