Audited Standalone and Consolidated Financials Results for the quarter and year ended March 31, 2025 along with Auditor''s Report
Awaiting price reaction for this filing.
Rama Petrochemicals reported deeply negative results for FY25, with standalone revenue crashing to just Rs. 9.15 lakhs from Rs. 161.30 lakhs in FY24, a drop of about 94%. The company posted a standalone net loss of Rs. 680.50 lakhs (vs Rs. 39.57 lakh loss in FY24) and a consolidated loss of Rs. 682.95 lakhs, largely driven by a four-fold jump in finance costs to Rs. 548.05 lakhs. Net worth is sharply negative at Rs. (5,912.57) lakhs standalone, while total borrowings stand at Rs. 6,433.50 lakhs. The auditor issued a qualified opinion on both standalone and consolidated results, flagging the treatment of Rs. 185 lakhs paid for release of collateral securities as 'Other Financial Assets' — a qualification that has been recurring since FY22. Operating cash flow remained deeply negative at Rs. (1,556.86) lakhs. The company also allotted 49.5 lakh convertible warrants during the year, of which 12.55 lakh were already converted into equity shares.
Shareholders should view this as a deeply distressed situation — near-zero revenue, widening losses, negative net worth, and qualified audit opinion raise serious concerns about the company's financial health and long-term viability. The stock is likely to face continued pressure, though the qualified opinion and recurring audit qualification mean reported numbers may overstate assets by Rs. 185 lakhs.