Primech Holdings Ltd. has released its financial results for the fiscal year ending March 31, 2025. The company reported a revenue increase of 2.5%, from $72.524 million in FY 2024 to $74.349 million in FY 2025. Direct costs and expenses saw a slight decrease, with employee benefit expenses dropping by 5.9%, from $41.827 million to $39.378 million. Depreciation and amortization expenses decreased marginally by 1.6%, from $925,000 to $910,000. The company also noted a significant rise in consultancy and other professional fees, which increased by approximately 56.8%, rising from $1.9 million to $3.1 million, primarily due to the engagement of consultants and professionals following its IPO. Sales and marketing expenses decreased by 10%, from $2.2 million to $2.0 million. Primech Holdings Ltd. continues to focus on innovation in the facility services sector, emphasizing automation and digitization. No specific outlook or guidance for future financial performance was provided in the report.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.