Integrated financial results for 31.03.2025
AKSHAR · price
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Akshar Spintex Limited reported a sharp deterioration in FY25 performance, with full-year revenue from operations falling to Rs. 116.77 crores from Rs. 174.96 crores in FY24, a decline of about 33%. The company swung from a profit of Rs. 3.46 crores to a loss of Rs. 4.45 crores (PAT) for the year, with Q4 alone showing a loss of Rs. 1.14 crores on revenue of Rs. 30.58 crores. Operating cash flow was sharply negative at Rs. (29.57) crores, reflecting working capital strain. The company completed a Rs. 48.75 crore rights issue in October 2024, which boosted equity to Rs. 88.21 crores and helped reduce both long-term and short-term borrowings. The statutory auditor issued an unmodified opinion, but highlighted an Emphasis of Matter noting that inventory and debtor/creditor balances were not independently verified. The auditor also flagged minor delays (up to 6 days) in bank loan repayments and unpaid professional tax dues. Total financial indebtedness stood at Rs. 5.94 crores with no defaults as on date.
The sharp revenue decline, swing to losses, and deeply negative operating cash flow are red flags for operational health and raise going-concern concerns despite the stronger balance sheet post-rights issue. Shareholders should expect continued stock price pressure until the company demonstrates a turnaround in sales and returns to profitability.