Audited Financial Results for the Quarter & Financial Year ended 31st March, 2025
Awaiting price reaction for this filing.
Birla Cotsyn (India) Ltd, which has been under liquidation since 2019, has reported audited results for FY25 backed by an un modified auditor's opinion from PSV Jain & Associates. The NCLT orally approved a Composite Scheme of Compromise and Arrangement on 09.01.2025 (uploaded 14.01.2025), allowing the company to prepare financials on a going-concern basis. The company reported near-zero operating revenue (Rs 0.09 lakh in FY25 vs Rs 1.73 lakh in FY24) and booked a massive FY25 standalone loss of Rs 21,477.19 lakhs, driven by an exceptional item of Rs 20,529.62 lakhs; basic EPS stood at Rs (149.76). Consolidated FY25 loss was Rs 1,461.48 lakhs with EPS of Rs (10.19). On the balance sheet, reserves are deeply negative at Rs (66,657.16) lakhs and total equity is Rs (38,915.40) lakhs, while non-current borrowings ballooned from Rs 2,073.09 lakhs to Rs 65,677.56 lakhs. Standalone operating cash flow was negative at Rs (2,053.29) lakhs, though closing cash improved to Rs 73.57 lakhs due to investing and financing inflows. The board also approved the appointment of M/s. Vijay S. Tiwari & Associates as Secretarial Auditor.
The NCLT-approved revival scheme is a positive structural development, but the balance sheet remains severely stressed with wiped-out equity, negligible operations, and heavy exceptional charges, leaving shareholders exposed to continued uncertainty and weak stock prospects until actual business revival kicks in.