Audited Q4 FY24 results show net loss, eroded net worth

Pat NegativeNegative Operating CashflowDebt Equity ThresholdResults View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Board approved audited results for Q4 and FY24. Company reported standalone net loss after tax for the full year. Net worth remains deeply negative at about minus 201.51 lakhs with reserves at minus 662.83 lakhs. Total assets stand at 5.98 lakhs. Cash flow from operations was negative at 8.26 lakhs. Short-term borrowings edged up to 196.76 lakhs. Auditor issued unmodified opinion.

Likely market impact

Negative net worth, continuing losses and weak cash flow raise serious concerns about financial health despite clean audit.