Raminfo (530951) Q4 11/12 earnings summary

Executive summary

• FY11-12 remained loss-making amid falling operating revenue, liquidity constraints and high overdue receivables; a proposed capital restructuring aimed to restore financial and operating capacity.

• A ₹406.86 lakh liability and provision write-back lifted reported total revenue, but consolidated net loss was ₹298.29 lakh.

Financial highlights

• Standalone operating revenue fell to ₹274.99 lakh from ₹352.00 lakh; total revenue including other income and the exceptional write-back was ₹682.87 lakh.

• Consolidated operating revenue declined 32% to ₹301.54 lakh from ₹444.38 lakh; consolidated net loss narrowed to ₹298.29 lakh from ₹3,567.03 lakh.

• Standalone net loss was ₹200.09 lakh versus ₹3,544.03 lakh; reported results included a ₹406.86 lakh exceptional write-back of liabilities and provisions.

• Consolidated operating cash outflow was ₹255.25 lakh; cash and cash equivalents closed at ₹39.58 lakh versus ₹6.79 lakh a year earlier.

Outlook and guidance

• Restructuring formalities and investor funding were expected to be completed before FY12-13 year-end, followed by business restructuring and renewed operations.

• Management expected financial and business support from investors to help revitalize operations; outcomes remained subject to shareholder and High Court approval of the scheme.