AUDITED RESULT FOR YEAR ENDED 31/03/2025
Awaiting price reaction for this filing.
Pithampur Poly Products posted a net loss of ₹129.10 lakh in FY25, slightly narrower than the ₹166.07 lakh loss in FY24, but still deeply in the red. Revenue from operations fell sharply from ₹64.18 lakh to ₹50.80 lakh, a roughly 21% year-on-year decline, while total expenses surged from ₹165.30 lakh to ₹209.30 lakh, pushing the pre-tax loss to ₹138.98 lakh versus just ₹0.76 lakh last year. The balance sheet is severely stressed — shareholders' funds are negative at ₹(670.94) lakh, with accumulated losses of ₹1,147.28 lakh wiping out the entire equity base. Operating cash flow was also negative at ₹(3.84) lakh, and the company booked a ₹78.20 lakh exceptional item in cash flow adjustments. Despite this, the statutory auditor (Jain Gautam & Co) issued an unqualified audit opinion, and the company declared an unmodified report under Form-A.
The stock is effectively insolvent on paper with negative net worth and persistent losses, making it a high-risk, distressed micro-cap despite the clean audit opinion — shareholders face continued erosion of value and no near-term recovery catalyst is visible.