Pelatro (PELATRO) H2 2024 earnings summary

Executive summary

• Consolidated financial statements present a true and fair view in accordance with Ind AS, with no material misstatements identified by auditors.

• The group operates in the software solutions sector for precision marketing, with all business activities reported as a single segment.

Financial highlights

• Revenue from operations for FY24 was ₹549,922.07 thousand, with total income at ₹553,653.67 thousand.

• Net loss for the year was ₹19,562.16 thousand, with total comprehensive loss at ₹22,190.30 thousand.

• Basic and diluted EPS stood at -₹5.15.

• Total assets as of March 31, 2024, were ₹578,092.39 thousand; equity was ₹120,288.74 thousand.

• Cash and cash equivalents at year-end were ₹75,468.65 thousand.

Outlook and guidance

• The subsidiary faces material uncertainty regarding its ability to continue as a going concern due to a net capital deficiency and excess of current liabilities over current assets.

• The holding company plans to infuse capital and has agreed not to recall balances until cash flows permit, with expectations of higher future revenue from novated contracts.