Hexa Tradex swings to profit on investment fair valuation

Hexa Tradex Limited reported a net profit of ₹187.87 lakhs for the fiscal year ended March 31, 2025, a notable improvement from the net loss of ₹259.29 lakhs in the previous year. This turnaround was largely attributed to a substantial gain of ₹83,686.70 lakhs (net of taxes) from the fair valuation of non-current investments, which significantly boosted other comprehensive income. Total income for the year increased to ₹677.25 lakhs, up from ₹2.27 lakhs in FY 2023-24.

The company's total equity also grew considerably, with other equity rising to ₹3,74,016.17 lakhs as of March 31, 2025, compared to ₹2,90,141.60 lakhs the previous year. Revenue from operations slightly decreased to ₹2.00 lakhs from ₹2.27 lakhs in the prior year, while total expenses increased to ₹384.72 lakhs from ₹348.89 lakhs. Basic and diluted earnings per equity share stood at ₹0.34, reversing from a loss of ₹(0.47) in the previous fiscal year.

The board has not recommended any dividend for the year. Shareholders will consider the re-appointment of Mr. Ranjit Malik and the appointment of Mr. Ajit Kumar Hazarika as independent director, along with approving a material related party transaction with Colorado Trading Company Private Limited. The delisting of equity shares, initiated by acquirers, is still pending final approval from BSE and NSE.