Audited Financial Statements for the financial year ended enclosed.
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Artson Ltd's board approved audited FY25 results showing revenue from operations of Rs 11,355 lakhs, down about 11% from Rs 12,812 lakhs in FY24. Profit after tax fell to Rs 348 lakhs from Rs 605 lakhs (down ~42%), with EPS at Rs 0.94 vs Rs 1.64 earlier. A one-time gain of Rs 1,902 lakhs from the sale of the Nagpur fabrication business to its holding company Tata Projects Limited (completed November 2024) propped up total income and bottom line. The company has accumulated losses and its going-concern status is supported by a letter of comfort from Tata Projects. Net cash from operations turned strongly positive at Rs 2,044 lakhs vs negative Rs 378 lakhs last year. The board also noted the resignation of Director Deepak Natarajan effective 28 April 2025 and approved raising additional credit facilities of Rs 17 crores from Federal Bank.
Core revenue is shrinking and profits have nearly halved excluding the one-time Nagpur sale gain, which signals weak underlying operations. However, holding-company backing from Tata Projects reduces going-concern risk, and the proposal to take on more debt (Rs 17 crores from Federal Bank) could pressure the balance sheet further, worth watching.