Audited standalone Financial results for the quarter and financial year ended on march 31, 2025
Awaiting price reaction for this filing.
BJ Duplex Boards reported FY25 revenue from operations of Rs 8.66 lakhs with a net loss of Rs 21.23 lakhs, an improvement from the Rs 74.47 lakh loss in FY24. Q4 FY25 alone posted a net loss of Rs 7.60 lakhs (EPS of Rs -0.15). The statutory auditor V.R. Bansal & Associates issued an unmodified opinion but flagged an Emphasis of Matter stating that the company has accumulated losses, fully eroded net worth (negative other equity of Rs 224.08 lakhs), and current liabilities exceeding current assets — creating material uncertainty about the company's ability to continue as a going concern. The company also allotted 1.41 crore equity shares at Rs 1 each on a preferential basis to promoters and non-promoters, raising Rs 1.41 crore. Operating cash flow was negative at Rs (14.21) lakhs for the year.
This is a serious red flag filing — going concern doubt, fully eroded net worth, and persistent losses make this a high-risk, distressed micro-cap stock. The preferential allotment at face value will significantly dilute existing shareholders but provides minimal capital to address the company's weak financial position. Investors should exercise extreme caution.