In continuation of our letter dated May 22, 2025 and pursuant to Regulation 33 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Athena Constructions reported its audited results for FY25 (year ended March 31, 2025) approved by the Board on May 27, 2025. Total income collapsed from Rs 75.35 lakh in FY24 to just Rs 0.47 lakh in FY25 — a near-total revenue wipeout of over 99%. The company posted a net loss of Rs 74.28 lakh in FY25, more than four times the Rs 16.64 lakh loss in FY24, with finance costs alone eating up Rs 36.53 lakh. Loss per share widened to Rs (0.99) from Rs (0.22). Reserves have turned deeply negative at Rs (97.47) lakh versus Rs (23.19) lakh a year earlier, against a share capital of Rs 750 lakh. Statutory auditor JMT & Associates issued an unmodified (clean) opinion on the results. Operating cash flow was positive at Rs 41.64 lakh, helped by working capital adjustments including a sharp drop in short-term loans and advances.
This is a weak set of results — vanishing revenue, widening losses, and fully eroded reserves point to serious going-concern risks for shareholders. However, the clean auditor opinion and positive operating cash flow provide some reassurance. The stock is likely to see negative sentiment given the scale of operational decline, though the tiny revenue base suggests there is little left for the market to reprice downward.