DUE TO QUERY RECEIVED FINANCIAL FOR QUARETER ENDED ON SEPEMBER 2024
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Awaiting price reaction for this filing.
Ajwa Fun World & Resort Ltd reported a loss of Rs 49.67 lakh for Q2 FY25 (ended 30 Sept 2024), reversing the Rs 141.06 lakh profit booked in Q1 FY25. Revenue from operations for Q2 came in negative at Rs 5.94 lakh, versus Rs 35.72 lakh in the same quarter last year. For the half year, total income stood at Rs 188.37 lakh (vs Rs 189.09 lakh in H1 FY24) and profit before tax was Rs 91.39 lakh (vs Rs 53.42 lakh). The balance sheet shows the company's other equity is deep in the red at negative Rs 767.97 lakh, leaving net worth negative at Rs 128.97 lakh. Trade payables shot up sharply from Rs 58.82 lakh to Rs 843.89 lakh over six months. The auditor (SPVP & Co.) issued an unmodified limited review report.
The company is loss-making in the latest quarter and has negative net worth, signalling financial weakness. The steep jump in unpaid dues to creditors is a red flag for liquidity and may weigh negatively on the stock.