BSEApt Packaging Ltd· Industrial ProductsHighNeutral
Announced Wed, 28 May, 2025 · 18:17 IST

BOARD CONSIDERED AND APPROVED THE FINANCIAL RESULTS FOR THE QUARETER AND YEAR ENDED AS ON 31ST MARCH 2025 ALONG WITH APPOINTMENT OF SECRETARAIAL AUDITORS AND APPOINTMENT INTERNAL AUDITORS ....

Qualified OpinionEmphasis Of MatterGoing ConcernRevenue DeclinePat Growth 25pctResults View source PDFExplain this filing

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₹59.25
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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.3% vs market
Packaging peers, median of 60sector-0.1%+4.7% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.7 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Apt Packaging Limited's board approved audited financial results for Q4 and FY25 on 28th May 2025. Total income for FY25 stood at Rs 1,359.79 lakhs, a sharp decline of about 68% from Rs 4,281.13 lakhs in FY24. Despite the revenue fall, the company swung back to a net profit of Rs 30.58 lakhs compared to a net loss of Rs 252.40 lakhs last year, with EPS of Rs 0.68 versus a negative Rs 4.43. The statutory auditor issued a qualified opinion flagging four issues: unpaid MSME interest of Rs 0.57 lakhs, unprovided GST liability of Rs 20.70 lakhs for FY20 under appeal, unreconciled trade balances, and non-provisioning of doubtful debts of Rs 11.45 lakhs. The auditor also drew attention to negative net worth of Rs 465.79 lakhs as on 31 March 2025, noting that a preferential allotment of Rs 1,965 lakhs completed on 8 May 2025 has since restored positive net worth. The board also appointed M/s Ganesh Palve & Associates as Secretarial Auditor for 5 years and Mr Akhilesh Bhalerao as Internal Auditor for 3 years.

Likely market impact

Shareholders should note the dramatic revenue contraction alongside a turnaround in profitability and the negative net worth situation, which has been rescued by a large post-year-end equity infusion. The qualified audit opinion and unresolved tax/receivable issues are red flags that warrant caution despite the improved bottom line.