India Infraspace FY25 results: ₹1.04 crore consolidated loss

Board clears audited FY25 numbers

India Infraspace Limited said its Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. The approval took place at a board meeting held on May 21, 2025. The meeting started at 5:00 PM and concluded at 6:35 PM. The company said the disclosure was made under Regulation 33 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, GMCA & Co., Chartered Accountants, issued an unmodified opinion on the results.

Q4FY25: profit reported, operating revenue stays nil

For Q4FY25, India Infraspace reported a profit of ₹0.0395 crore on both consolidated and standalone basis. The company’s revenue from operations was ₹0.00 crore for the quarter. Total income of ₹0.0395 crore was driven by other income, as stated in the financial performance note. Total expenses were ₹0.0001 crore for both consolidated and standalone results. The company also reported Basic EPS of ₹0.14 and Diluted EPS of ₹0.14 for the quarter on both bases. It compared this to the preceding quarter ended December 31, 2024, when it reported zero income and nil loss.

FY25: consolidated swings to loss from FY24 profit

For the full year FY25, the company reported a consolidated net loss of ₹1.0426 crore. This compared with a consolidated profit of ₹0.0171 crore in FY24. On a standalone basis, the company reported a net loss of ₹0.2337 crore for FY25, compared with a loss of ₹0.0193 crore in FY24. Total income for FY25 stood at ₹0.0788 crore (consolidated) and ₹0.0783 crore (standalone). Total expenses for FY25 were ₹1.1214 crore (consolidated) and ₹0.3120 crore (standalone). The company’s FY25 note said the annual performance reflected accumulated losses from earlier quarters.

Balance sheet snapshot: assets inch up, equity negative on consolidated basis

As of March 31, 2025, consolidated total assets were ₹8.3575 crore, compared with ₹8.1385 crore a year earlier. Consolidated non-current assets were ₹4.7194 crore and current assets were ₹3.6381 crore. On the liabilities side, consolidated shareholders’ equity was negative at ₹-4.8576 crore. The company also disclosed consolidated non-current borrowings of ₹4.9522 crore and current liabilities of ₹8.2628 crore. On a standalone basis, total assets were ₹7.9794 crore and equity stood at ₹2.1398 crore.

Cash flows: limited movement, low cash balance

For FY25, the consolidated cash flow statement showed net cash generated from operating activities at ₹0.00 crore. Closing cash and cash equivalents on a consolidated basis were ₹0.0028 crore. Standalone operations reported a net cash outflow of ₹0.0023 crore from operating activities. Standalone closing cash and cash equivalents were ₹0.0009 crore. The company also stated it operates in Infrastructure, IT and Steel segments and prepares financials under Indian Accounting Standards (Ind AS).

Capital structure details disclosed

India Infraspace reported that its paid-up equity share capital remained stable at ₹2.80 crore. The face value of each equity share is ₹10. The company did not indicate any change to this capital base in the disclosed period.

What the audit opinion covered, and what investors tracked earlier

For FY25 audited results, GMCA & Co. issued an unmodified opinion on both standalone and consolidated financial results. Separately, in an earlier disclosure around Q3 FY25 and the nine months ended December 31, 2024, auditors noted that interim financial information for subsidiary Shaurya Casting Pvt. Ltd. was not independently reviewed or audited by its own auditors. The auditors stated this information was provided by the company’s management, meaning consolidated figures relied partly on unaudited subsidiary information for that interim period. For Q3 FY25, the company reported a consolidated loss before tax of ₹0.7706 crore, and a nine-month consolidated loss of ₹1.08 crore. On a standalone basis for the same quarter, it reported a loss of ₹0.2475 crore, and a nine-month standalone loss of ₹0.2732 crore.

SEBI filing: demat compliance certificate submitted to BSE

The company also disclosed it submitted its quarterly compliance certificate under SEBI Regulation 74(5) to BSE Limited on April 17, 2026. The filing covered the period from January 1, 2026 to March 31, 2026. The certificate, issued by registrar Accurate Securities & Registry Private Limited, confirmed dematerialisation requests were processed within regulatory timelines. The disclosure stated this was part of compliance under SEBI (Depositories and Participants) Regulations, 2018.

Why these numbers matter

The FY25 statement shows India Infraspace moving from a small consolidated profit in FY24 to a much larger consolidated loss in FY25, alongside a sharp rise in consolidated expenses. Q4FY25 profit was reported, but it came alongside nil revenue from operations and was attributed to other income. The balance sheet disclosure highlights negative consolidated equity, along with sizable current liabilities and non-current borrowings as reported. The unmodified audit opinion on FY25 results provides audit comfort on the published annual numbers, while the earlier interim note on subsidiary information explains an area of scrutiny that had been highlighted in the company’s quarterly disclosures.

Conclusion

India Infraspace’s audited FY25 results show a consolidated net loss of ₹1.0426 crore, even as Q4FY25 reported a profit supported by other income. Alongside the financials, the company has continued its routine SEBI compliance filings with BSE, including the Regulation 74(5) certificate for Q4FY26.