Canarys Automations Limited — Results, 15-07-2025: Reply to Clarification- Financial results

Canarys Automations has announced a board meeting where the financial results for the quarter and half-year ended March 31, 2025, were approved.

For the full financial year ending March 31, 2025, the company reported consolidated revenue from operations of Rs. 89.08 crore, with a consolidated profit of Rs. 8.29 crore. Consolidated Basic EPS for the year stood at Rs. 1.45.

Key corporate developments include the re-appointment of M/s. Sachin Hareesh & Associates as Internal Auditor for FY2025-26. The company also redeemed Rs. 1.56 crore worth of cumulative preference shares and allotted 10.12 lakh equity shares through warrant conversions at Rs. 41 each.

A significant update involves the Initial Public Offer (IPO) proceeds. The company has re-allocated Rs. 8.94 crore, originally for a new delivery center, towards a strategic investment: the acquisition of equity shares in Fortira Inc., USA. This change was approved by shareholders in December 2024. Canarys Automations successfully acquired a 51% stake in Fortira Inc. on April 15, 2025, marking a strategic growth milestone.