Anka India Ltd — Results, 30-05-2025: Result

Anka India has announced a board meeting to approve the financial results for the quarter and half-year. The audited standalone results reported a net profit of ₹23.23 lakh for the year with total revenue mainly from other income at ₹63.91 lakh. Key issues include idle inventories worth ₹22.5 lakh without assessed net realizable value, and intangible assets under development valued at ₹6.99 Cr carried for over two years without impairment testing, raising concerns about asset valuation. Additionally, the company continues to recognize minimum alternate tax (MAT) credit of ₹35.38 lakh as an asset despite losses, which the auditor views as imprudent. The auditor issued a qualified opinion due to these matters, signaling caution for investors on asset recoverability and tax asset recognition.