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Board approved Q4 FY22 unaudited and FY22 audited results; auditors' opinion unmodified

Board on May 10, 2022 approved Q4 FY22 unaudited and FY22 audited results.

By ScoutQuest · Tue 27 Oct 2026, 8:10 AM IST · 2 min read

FY22 revenue from operations

₹928.75 lakh vs ₹1091.11 lakh in FY21

Q4 FY22 loss before tax

₹1.48 lakh

Auditors' opinion

unmodified opinion

Board meeting and what it approved

The Board of Directors met on May 10, 2022 from 10:00 AM to 11:00 AM and approved the unaudited financial results for the quarter ended March 31, 2022, along with the audited financial results for the year ended March 31, 2022, prepared under Ind-AS. It also took on record the statement of assets and liabilities and the cash flow statement for the year. The statutory auditors, M/s. BGS & Associates, Chartered Accountants, issued a Limited Review Report with an unmodified opinion, and the company shared the declaration confirming this.

Full year at a glance (figures in ₹ lakh, as printed)

• Revenue from operations for the year ended March 31, 2022 was 928.75, against 1091.11 for the year ended March 31, 2021. The company reported no other income in either year.
• Total expenses for the year were 928.35, leaving a very narrow gap between total income and total expenses.
• Profit before tax for the year was 0.39.

The March quarter

• Revenue from operations for the three months ended March 31, 2022 was 150.87, lower than both the preceding quarter and the same quarter of the previous year.
• The quarter ended with a loss before tax of -1.48 lakh.

Balance sheet at March 31, 2022 (₹ lakh)

• Total assets stood at 1,016.48.
• Inventories of 935.64 formed by far the largest part of the asset base.
• The rest of the current assets comprised trade receivables, small cash and bank balances and other current assets.
• On the liabilities side, the company showed deferred tax liabilities and non-current trade payables.

What a reader should take away

• The full-year profit is very small relative to the size of the business, and the March quarter swung to a loss.
• Revenue for the year was lower than the previous year, with expenses almost matching income.
• A large share of the balance sheet sits in inventories rather than in cash or receivables.
• The auditors' opinion is unmodified, which means they did not flag a qualification on the statements they reviewed.
• The exchange headline describes this as a dashboard update of an old record with a minor typo correction, so the underlying document dates from May 2022.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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