Audited Financial Results for the Quarter and year ended 31st March, 2025
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BKM Industries Limited (formerly Manaksia Industries) submitted its audited standalone and consolidated financial results for Q4 and full-year FY25, with the statutory auditor M/s Prabhat & Co. issuing an unqualified (unmodified) opinion. The company's manufacturing activities were not operational during the year — revenue came only from selling existing stock. Consolidated revenue grew about 52% from Rs. 610 lakhs to Rs. 925.3 lakhs, but segment losses widened sharply to roughly Rs. 515 lakhs versus Rs. 337 lakhs in the prior year. The company was under insolvency resolution, and share capital and asset values have been recast based on the Resolution Professional's valuation. Operating cash flows were deeply negative at about Rs. 951 lakhs (standalone) and Rs. 981 lakhs (consolidated), while long-term borrowings of about Rs. 1,652 lakhs were repaid, partly funded by sale of plant and equipment (Rs. 2,134 lakhs) and a Rs. 500 lakh equity infusion. A new Independent Director and Secretarial Auditor were also appointed.
For shareholders: results show a company still in turnaround mode with widening losses, no manufacturing activity, and heavy reliance on asset sales to meet obligations, despite the unqualified audit opinion. The equity issuance and asset monetisation help reduce debt, but persistent cash burn and ongoing insolvency-linked recasting signal continued operational stress and uncertainty around future profitability.