🧨 At a glance:
Osia Hyper Retail just dropped their audited FY25 results with a minor twist:
They revised their EPS, acknowledged an NBFC payment delay, and showed a balance sheet that looks more inflated than your neighborhood kirana shop’s “Buy 1 Get 5” offers.
🛍️ The Hypermart That Hyper-Grew
| Metric | FY25 | FY24 | YoY Growth |
|---|---|---|---|
| Revenue | ₹1,427 Cr | ₹1,144 Cr | 🔼 25% |
| Net Profit | ₹19.51 Cr | ₹18.29 Cr | 🔼 6.7% |
| EPS (Revised) | ₹1.46 | ₹1.42 | 🔼 |
| EBITDA | ~₹75 Cr est. | ~₹70 Cr est. | Slight jump |
| Operating Cash Flow | ₹(230 Cr) | ₹9 Cr | 🔽 Catastrophic |
Osia Hyper’s revenue growth is strong. But the cash flow looks like it tripped over its own inventory rack.
🧾 The Revised Result Bomb
They updated EPS after submitting results, citing:
- “Change in figures of Earnings
- per equity share for the current reporting period”
- EPS for FY25 adjusted to ₹1.46 (Basic & Diluted)
When companies refile results just to adjust EPS — either the CFO is too honest… or SEBI just called.
📊 Balance Sheet Breakdown (₹ in Cr)
| Particulars | FY25 | FY24 | % Change |
|---|---|---|---|
| Total Assets | ₹839.10 | ₹547.54 | 🔼 53% |
| Inventory | ₹471.09 | ₹281.96 | 🚨 67% ↑ |
| Trade Receivables | ₹157.35 | ₹67.77 | 🚨 132% ↑ |
| Loans Given | ₹104.93 | ₹54.04 | 🚨 94% ↑ |
| Equity | ₹392.53 | ₹199.33 | 💰 Doubled (via share issue) |
| Borrowings | ₹182.85 | ₹92.93 | 💸 Doubled too |
| Trade Payables | ₹83.98 | ₹96.28 | 🔽 Down |
Osia’s asset side looks like it’s on steroids:
- Huge spike in receivables (delayed payments?)
- Loan book ballooning (to whom?)
- Inventory pile-up like a D-Mart clearance sale that never
To Read Full 16 Point ArticleBecome a member