Vels Film International Limited — Results, 27-06-2025: Reply to Clarification- Financial results

Vels Film International Limited has announced a board meeting to approve the financial results for the quarter and half-year.

Key financial highlights for the year ended March 31, 2025 (Standalone):

- Revenue from operations rose significantly to Rs. 24,266.1 Lakhs (compared to Rs. 10,753 Lakhs last year).

- Other income stood at Rs. 2,550 Lakhs.

- Total income was Rs. 59,767.2 Lakhs, up sharply from Rs. 14,185.5 Lakhs.

- Total expenses increased to Rs. 41,997.8 Lakhs from Rs. 12,200.1 Lakhs previously.

- Profit before tax improved to Rs. 17,769.4 Lakhs versus a loss of Rs. 17,034.9 Lakhs last year.

- After tax, profit was Rs. 13,601.9 Lakhs, reversing the previous year’s loss of Rs. 13,452 Lakhs.

- Earnings per share (EPS) stood at Rs. 10.54 basic and diluted versus a loss per share of Rs. 10.42.

On the consolidated front:

- Revenue from operations was Rs. 68,742 Lakhs, up from Rs. 39,538.4 Lakhs in the previous year.

- Total income reached Rs. 91,651.5 Lakhs, more than doubling the prior Rs. 39,755 Lakhs.

- Consolidated net loss narrowed sharply to Rs. 4,302.8 Lakhs against Rs. 36,427.1 Lakhs loss earlier.

- Minority interest accounted for a loss of Rs. 492.97 Lakhs.

- Consolidated basic and diluted EPS improved to negative Rs. 28.29 and Rs. 28.22 respectively (from negative Rs. 62.7).

Balance sheet highlights (Standalone):

- Shareholders’ funds grew to Rs. 60 Cr approx (equity capital of Rs. 12.9 Cr plus reserves Rs. 47.67 Cr).

- Long-term borrowings increased to Rs. 47.4 Cr.

- Cash and bank balances significantly increased to Rs. 28.7 Cr from Rs. 5.6 Cr.

- Inventories increased to Rs. 104 Cr from Rs. 67.6 Cr.

Cash flow (Standalone):

- Net cash used in operating activities was Rs. 55.06 Cr due to working capital changes.

- Investing activities generated Rs. 71.56 Cr primarily through sales of investments.

- Financing activities used Rs. 15.59 Cr due to repayment of borrowings and finance charges.

- Overall, cash and cash equivalents increased by Rs. 18.07 Cr to Rs. 23.7 Cr.

Corporate Actions:

- Conversion of CCPS in subsidiary Vels Studios & Entertainment Private Limited into equity followed by partial sale led to dilution of holding below 20%; subsidiary was deconsolidated from March 24, 2025.

- No dividends declared.

- No investor complaints pending.

The company continues to operate in a single segment of film production, distribution, and exhibition. Statutory auditors issued unmodified opinions on both standalone and consolidated results.

In summary, Vels Film International reported a strong turnaround with significant improvement in operating performance, positive standalone profitability, and reduction in consolidated loss despite challenges. Liquidity position has also improved on higher cash balances and investment inflows.