Audited Financial Result Along With Independent Auditor''s Report.
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Gold Coin Health Foods Ltd has submitted its audited financial results for FY25 along with the auditor's report to BSE. The attached financial statements, however, cover the unaudited quarter and half year ended September 30, 2024 (H1 FY25). Revenue from operations for H1 FY25 stood at Rs. 2.92 lacs, more than doubling from Rs. 1.40 lacs in H1 FY24. Despite this revenue growth, the company posted a net loss of Rs. 10.74 lacs in H1 FY25, though narrower than the Rs. 14.02 lacs loss in the same period last year. The full-year FY24 (audited) results showed a net loss of Rs. 32.11 lacs on revenue of Rs. 4.51 lacs. The balance sheet reveals deeply negative reserves of Rs. (196.82) lacs, eroding shareholders' equity. Cash flow from operations was negative at Rs. (8.88) lacs, funded partly by fresh long-term borrowings of Rs. 25 lacs.
Persistent losses, negative reserves, and negative operating cash flow are serious red flags for shareholders — the company is essentially funding operations through borrowings rather than its own earnings. Despite revenue growth, the business remains loss-making and financially weak, suggesting elevated risk for equity holders.