Moderate profit margins persist for Grant Thornton India, yet the firm's revenue growth continues to show strength
In a significant development, Grant Thornton's Indian operations have reported a strong year-on-year growth for the fiscal year ending March 2025 (FY25). The financial growth was achieved through the two primary verticals of Grant Thornton's Indian operations: Grant Thornton Bharat (GTBLLP) and Grant Thornton Advisory (GTAPL).
According to provisional financials reviewed by a leading financial news website, the revenue of the two entities increased during FY25. Grant Thornton Bharat achieved a new revenue milestone during this period. However, the exact amount of the revenue growth for the two entities has not been disclosed.
The growth reported by Grant Thornton's operations comes amidst a forensic audit into Prabhat Dairy's books, ordered by the Securities and Exchange Board of India (SEBI). It is important to note that the SEBI order against Prabhat Dairy is not related to Grant Thornton Bharat or Grant Thornton Advisory. The forensic audit into Prabhat Dairy's books is being conducted by an unspecified entity.
The leadership for Grant Thornton Bharat and Grant Thornton Advisory for the fiscal year 2024/2025 includes the key partners and senior executives appointed by the firm. However, specific names and titles are not publicly disclosed in detail for this period.
Interestingly, the growth rate of Grant Thornton Bharat's revenue during FY25 has slowed compared to previous years. This could be a sign of strategic shifts or market conditions affecting the business.
On a related note, the SEBI order against Prabhat Dairy was toned down, indicating that the findings and reasons behind the order are not specified in the article. The order is related to a private equity (PE) backed dairy company, but it is not connected to Grant Thornton's Indian operations.
The financial growth of Grant Thornton's Indian operations was reported by the website based on the reviewed provisional financials. However, the website has not disclosed the exact figures of the growth.
In conclusion, while the SEBI has ordered a forensic audit into Prabhat Dairy's books, Grant Thornton's Indian operations continue to report strong financial growth. The leadership of Grant Thornton Bharat and Grant Thornton Advisory, while not fully disclosed, has led the entities to achieve new revenue milestones and maintain a steady growth trajectory.
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