Amit International Ltd

📊 Amit International Ltd FY2025 Results: Revenue & Profit Up, But Auditor Flags Concerns

• Total Revenue for the year ended March 31, 2025: ₹42.42 lakhs (up from ₹39.37 lakhs in the previous year)

• Profit before tax for the year ended March 31, 2025: ₹16.30 lakhs (up from ₹8.63 lakhs in the previous year)

• Basic Earnings Per Share (EPS) for the year ended March 31, 2025: ₹0.066 (compared to ₹0.035 in the previous year)

• Total assets as of March 31, 2025: ₹20.04 crores (slightly up from ₹19.89 crores the previous year)

• Auditor's report highlighted qualifications including non-charging of interest on loans and doubtful advances from Topson Iron Ore India Private Limited of ₹2.32 crores without provision

• No internal audit conducted as required by Section 138 of the Companies Act, 2013

• Investments valued at fair value in accordance with Ind AS-109, as financials were not available with management

• Loans and advances not measured at present value at initial recognition as required by Ind AS-109