Approval of Audited financial results for the quarter and year ended 31st March 2025
Awaiting price reaction for this filing.
India Radiators reported widened losses for FY25 with a net loss of Rs 84.92 lakhs versus Rs 55.76 lakhs in FY24. Total income declined slightly to Rs 657 lakhs from Rs 666 lakhs. Q4 FY25 standalone loss was Rs 36.08 lakhs versus Rs 13.53 lakhs in Q4 FY24, with EPS at Rs (9.44) for the full year versus Rs (6.20) earlier. Most critically, shareholder equity has turned negative at Rs (37.03) lakhs as accumulated losses of Rs 127.03 lakhs have eroded the equity base, against Rs 47.90 lakhs positive equity a year ago. Cash from operations was slightly negative at Rs (0.83) lakhs and closing cash fell to Rs 2.80 lakhs. Statutory auditor DPY & Associates issued an unmodified (clean) opinion.
Negative net worth combined with widening annual losses and near-zero cash balance points to serious financial stress and raises sustainability concerns for shareholders, even though the auditor did not flag a going concern issue. The stock may face valuation pressure given the deteriorated balance sheet.