Alphageo (india) Ltd. NSE:ALPHAGEO
Alphageo India : Q4-January-March 2024-25 - Standalone
Source: MarketScreener
Plot No. 686, Road No: 33, Jubilee Hills, Hyderabad - 500033 T6I . +91-40-23550502 / 23550503 / 23540504
E-mail: [email protected], Vbbsite: https://www.alphageoindia.com
Statement of standalone audited financial results for the quarter and year ended 31st March, 2025
(All amount ln lakhs except as stated)
SNO. | PARTICULARS | Quarter ended | Year ended | ||||
31.03.2025 | 31.12.2024 | 3i.03.2024 | 31.03.2025 | 31.03.20Z4 | |||
(Refer note-4) | Unaudited | (Refer note-4) | Audlted | Audited | |||
INCOME: Revenue from operations Other income | 4241.42 103.95 | 1115.80 30.51 | 4204.83 298.97 | 9096.27 914.82 | 7273.71 1360.63 | ||
Total income | 4345.37 | 1146.31 | 4503.80 | 10011.09 | 8634.34 | ||
EXPENSES' Geophysical survey and related expenses Employee benefits expense Finance costs Depreciation and amortisation expenses Other expenses | 3510.99 346.54 5.24 423.32 553.31 | 1283.04 304.45 13.11 329.44 186.89 | 1991.53 387.89 15.86 301.24 411.28 | 7169.93 1267.90 30.87 1399.80 II5S.31 | 4Z65.06 1259.32 16.52 1262.85 719.07 | ||
Total expenses | 4839.•t0 | 2116.93 | 3107.80 | 11023.81 | 7522.82 | ||
Profit /(Loss )before exceptional Items and tax (1-2) | (494.03) | (970.62) | 1396.00 | (1012.72) | [IIL52 | ||
Exceptional items | |||||||
5 | Profit / (Loss) before tax f3-41 | [494.03/ | (970.621 | 1396.00 | (10IZ.7Z] | I1I?52 | |
Tax expense Current tax Deferred tax | (43.09) | (191.27) | 105.00 187.88 | (249.42) | 105.00 172.49 | ||
7 | Total tax expense | (43.0 l | f191.27) | 292.BB | (249.421 | 277.49 | |
Profit /(Loss) for the period from continuing operations f5-61 | (4S0.94) | (779.35) | 1103.12 | (763.30) | 834.03 | ||
8 | Profit from discontinued operations | ||||||
Tax expenses of discontinued operations | |||||||
10 | ProfitJ(Loss) from discontinued operations after tax | ||||||
11 | |||||||
Proflt /(Losslfor the Period (7+10) | (450.94) | (779.351 | 1103.12 | (763.30) | 834.03 | ||
12 | Other comprehenslve income | ||||||
(i) Items that will not be reclassified to profit or loss | (14.73) | 1.89 | (30.62) | (9.03) | (26.71) | ||
(ii) Income tax relating to items that will not be reclassified | |||||||
to profit or Loss | 3.71 | (0.48) | 7.70 | 2.27 | 6.72 | ||
(i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or Loss | |||||||
Total other comprehensive Income | (11.02) | 1.41 | {22.92) | (6.76) | (19.99] | ||
13 | Total comprehensive Income for the perlod (11+12) | (461.96) | (777.94) | 1080.20 | (770.06) | 814.04 | |
14 | |||||||
Paid up equity share capital ( Ordinary shares of 1 10/- | |||||||
lS | each) Other equity excluding revaluation reserves | 636.48 | 636.48 | 636.48 | 636.48 23726.85 | 636.48 25006.09 | |
16.i. | Earnings /(Loss) per equity share for continuing | ||||||
operations (Not annualized) -(Z) | |||||||
Basic | (7.08) | (12.25) | 17.33 | (11.99) | 13.10 | ||
Diluted | (7.08] | (12.25) | 17.33 | (11.99) | 13.10 | ||
16.ii. | Earnings /(Loss) per equity share for discontinued | ||||||
operations (Not annualised1 -f¥1 | |||||||
Basic | |||||||
Diluted | |||||||
16.iii. | Earnings /(Loss) per equlty share for discontinued And | ||||||
continuing operations (Not annualised) -(¥) | |||||||
Basic | (7.08] | (12.25) | 17.33 | (11.99) | 13.10 | ||
Diluted | (7.08) | (12.25 | 17.33 | (11.99) | 13.10 | ||
Contd...
CIN : L74210TG1987PLC007580, Regd. Office : 802, Babukhan Estate, Basheerbagh, Hyderabad - 500 001, INDIA
ii iiif
STANDALONE STATEMENT OF ASSETS AND LIABILITIES:
S.NO. | As At | As At | ||
3fi.03.202S | 31.03.2024 | |||
Audited | Audited | |||
ASSETS Non-current assets
| 72Z2.43 | 5750.52 | ||
218.13 | 214.16 | |||
1329.14 | 1329.14 | |||
889.14 | 637.45 | |||
2335.52 | 500.66 | |||
33.25 | 494 | |||
Total non-current asseu | 12027.61 | 8436.87 | ||
Current assets
| 193.35 | 69.25 | ||
2,168.2S | 2,990.97 | |||
3804.66 | 5573.64 | |||
2773.64 | 3350.51 | |||
3315.66 | 4457.47 | |||
1,427.57 | 1,348.48 | |||
985.14 | 573.52 | |||
Total current assets | 14668.27 | 18363.84 | ||
TOTAL ASSETS (A + B) | 2669S.BB | 26800.71 | ||
EQUITY AND LIABILITIES | ||||
| 637.84 | 637.84 | ||
b) Other equity | 23726.85 | 25006.09 | ||
A | Total I2quity | 24364.69 | 2S643.93 | |
Non-current liabilities Provisions | 101.76 | 93.06 | ||
Total non-current llablllties | 101.76 | 93.06 | ||
Current llabllltles
| 95S.68 | 501.82 | ||
556.24 | 436.08 | |||
704.79 | 110.64 | |||
12.72 | 15.18 | |||
Total current llabllltles | 2229.43 | 1063.72 | ||
TOTAL EQUITY AND LIABILITIES (A+B+C) | 26695.88 | 26800.71 |
Contd...
7ILPI34¿gg{gO
STATEMENT OF CASH FLOWS
S.NO. | Partlculars | Year ended | ||
31.03.2025 | 31.03.2024 | |||
Audited | Audited | |||
Cash flow from operatlng activities | ||||
Profit before tax | (1012.72) | 1111.52 | ||
Adjustments for: | ||||
Depreciation and amomsation expense | 1399.80 | 1262.85 | ||
Unrealised foreign exchange (gain)/loss (net)* | 1.41 | 0.74 | ||
Interest income | (469.89) | (631.87) | ||
Finance costs | 30.87 | 16.52 | ||
Profit on redemption of current investments | (421.42) | (199.32) | ||
Net fair value (gain) on investments measured at FVTPL | 117.36 | (S01.65) | ||
Bad Debts Written off | 377.19 | |||
(Profit) on sale of property, plant and equipment (net) | (2.14) | (3.55) | ||
Provision for expected credit loss | 277.60 | |||
Operating profit before working capital changes | 20.46 | 133L84 | ||
Change ln operating assets and liabilities Trade receivables and other assets | 951.86 | (1681.62) | ||
Inventories | (124.10) | (16.99) | ||
Trade payables, other liabilities and provisions | 1,165.43 | 414.80 | ||
Cash generated from operatlng activities | 2013.65 | 49.03 | ||
Income tax (paid) /received (net) | (1,834.86) | (198.21 | ||
A | Net cash generated from operating activities | 178.79 | (149.18) | |
Cash flows from invesflng actlvlfles Purchase of property, plant and equipment and capital work-in-progress | (2901.14) | (1,695.23) | ||
Loan to subsidiary | (600.00) | (1,305.81) | ||
Loan to subsidiary received back | 500.00 | |||
Inter corporate deposit (given)/received back | 154.77 | |||
Proceeds from redemption of current investments | 1226.78 | 4613.17 | ||
Purchase of current investments | (100.00) | (1,300.00) | ||
Proceeds from disposal of property, plant and equipment | 27.60 | 60.59 | ||
Deposits/ (withdrawals) from banks | 1080.75 | (1,045.89) | ||
Interest received | 550.40 | 481.04 | ||
hlet cash (outflow) from lnvesflng actlvldes | (215.61) | (37.36) | ||
Cash flows from financing actlvltles | ||||
Finance costs paid | (30.87) | (16.52) | ||
Dividends paid to company's shareholders | (509.18) | (509.18) | ||
Net cash (outflow)/ inflow from flnanclng activlties | (540.OS) | (52S.70) | ||
A+B+C | Net Increase/ (decrease) in cash and cash equivalent | (576.87) | (712.24) | |
Exchange difference on translation of foreign currency cash and cash equivalents* | ||||
Opening cash and cash equlvalents | 3350.51 | 4062.75 | ||
Closing cash and cash equlvalenu | 2773.64 | 3350.51 | ||
* Amount is below the rounding off norms
Contd...
?ILPIld o
Notes:
The above standalone audited financial results for the quarter and year ended 31st March 2025 as reviewed by the audit committee and have been considered and approved by the Board of Directors at its meeting held on May 26, 2025. The statutory auditors of the company has expressed an unmodified opinion on these results.
The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirments) Regulation, 2015 as amended.
The company is engaged in the business of "Geophysical data acquisition, processing and interpretation services" and therefore, has only one reportable segment in accordance with Ind AS 108 "Operating segments".
The figures for the quarter ended 31st March 2025 & 31st March 2024 are the balancing figures between audited figures for the full financial year and the reviewed year to date figures up to the third quarter of the respective financial year.
During the Financial Year 2021-22 the company has received a notice from Income tax department on alleging an excess payment towards imporu of Machinery on which depreciation is disallowed amounting to Rs.867 Lakhs and issued demand notice of Rs 601 Lakhs is shown under contingent liability. During the period in the same matter Managing director also received the demand in his personal capacity for the amount of Rs.1645 Lahs, which is indemnified by the company grouped under Income Tax Assets and also shown under Contigient Liability. Company is not foreseeing any provision currently for the above based on external expert opinion obtained.
During the financial year 2022-23 Directorate of Enforcement had provisionally seized the fixed deposits amounting to Rs.1601.08 lakhs under foreign exchange and Management Act, 1999 (FEMA 1999) and the company had challenged the same before The Hon'ble Appellate Tribunal, FEMA, New Delhi . In this matter the company is still awaiting for the adjudicating proceedings. No Provision is considered by the management at this stage.
The Board of Directors has recommended a dividend of Rs. 8/- per equity share of Rs.10/- each for the financial year 2024-25, subject to approval of shareholders at the ensuing annual general meeting of the company.
The figures for the corresponding previous period have been reclassified / regrouped wherever necessary to conform to current period classification.For ALPHAGEO (INDIA) LIMITED
HYDERABAD May 26, 2025 Dinesh AIla Chalrman & Managing DirectorI N D I A
MAJETI G‹ CO
Chartered Accountants
INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS OF THE ALPHAGEO (ENDIA) LIMITED PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDEDTo
The Board of Directors of ALPHAGEO (INDIA) LIMITED
Report on Audit of Standalone Financia I Results
OpinionWe have audited the accompanying standalone annual financial results ('the Statement') of ALPHAGEO (INDIA) LIMITED ('the Company') for the quarter and year ended 31 Nla rch 2025, attached herewith, being submitted by the Company pursuant to the requirements of Regulation
33 of the SEBI (listing Obligations and Disclosure Requirements) Reg ulations, 2015 (as amended) ('listing Regulations'), including relevant circulars issued by the SEBI from time to time.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial results:
are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this rega rd; and
give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act") and other accounting principles generally accepted in India, of net loss and other comprehensive income and other financial information of the Company for the year ended March 31, 2025 and the standalone statement of assets and liabilities and the standalone statement of cash flows as at and for the year ended on that date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor's Responsibility for the Audit of the Standalone Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules made thereunder and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion on the annual standalone financial results.
H.O : 101, Ganesh Siri Sampada Apts., I 6-3-347/17, Dwarakapuri Colony I Sai Baba Temple Road, I Punjagutta, Hyderabad - 500 082. W Off. : +91-40-2335 8055 I E-mail : kiran 6 majeti.co.in
Ext. 109, Metro Residency | 6-3-1247, Rajbhavan Road | Khairatabad, Hyderabad - 500 082 | Telangana, India.
MAJETI R CO
Chartered Accountants
Emphasis of Matter
Continuation Sheet
As mentioned in the note no 6 to the statement, During the financial year 2022-23, Directorate of Enforcement had provisionally seized Rs 1601.08 lakhs of fixed deposits alleging Contravention under section 4 of Foreig n Exchange and Management Act, 1999 (FEMA 1999). As explained in the above said note management yet to receive show cause notice from the adjudicating authority. Currently no provision on account of this matter made in the books of account.
As mentioned in the note no 5 to the statement, During the financial yea r 2024-25, the Managing Director received a tax demand of 71,645 la khs in connection with an ongoing tax matter pertaining to the Company. This amount was indemnified by the Company and has been classified under non-current income tax assets. No provision has been recognized in the books of account in this regard, based on an external expert opinion obtained by the management. The total amount of 72,246.58 lakhs (including existing demand of Z 601 La khs) related to this matter has been disclosed as a contingent liability.
Our Opinion is not modified in respect of above matters.
Management's and Board of Directors' Responsibility for the Standalone Financial ResultsThese Standalone financial results have been prepared on the basis of the standalone annual financial statements for the year ended March 31, 2025.
The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation and presentation of these standalone financial Results that give a true and fair view of the financial position, financial performance including other comprehensive income and cash flows in accordance with the Ind AS and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; ma king judgments and estimates that are reasonable and prudent; and desig n, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone financial Results, the Board of Directors is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
HYDERABAD 'p
MAJETI A CO
Chartered Accountants
Auditor's Responsibility for the Audit of the Standalone Financial ResultsContinuation Sheet
Our objectives are to obtain reasonable assurance about whether the standalone financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econom ic decisions of users taken on the basis of these standalone financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the standalone financial Results, whether due to fraud or error, desig n and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls system in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the annual financial results made by the Board of Directors.
Conclude on the appropriateness of Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the annual standalone financial Results, including the disclosures, and whether the annual standalone financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance rega rding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all
^^edAel*"*
MAJETI R CO
Chartered Accountants
Continuation Sheet
relationships and other matters that may reasonably be thought to bea r on our independence, and where applicable, related safeg ua rds.
Other Matters
The annual financial results include the results for the quarter ended 31 March 2025 being the balancing figure between the audited figures in respect of the full financial yea r and the published unaudited year to date figures up to the third quarter of the current financial yea r which were subject to limited review by us.
The standalone annual financial results dealt with by this report has been prepared for the express purpose of filing with stock exchanges on which the Company's shares are listed. These results are based on and should be read with the audited standalone financial statements of the Company for the year ended March 31, 2025, on which we issued an unmodified audit opinion vide our report dated day 26, 2025.
For MAJETI & CO
Chartered Accountants
Firm's Registration No: 015975S
KOWSHIK ANNA
Partner
Membership No: 244172
HYDERABAD '
Place: Hyderabad Date: May 26, 2025