Audited Financial results for the Quarter and Year ended on 31st March, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Automobile Products of India Ltd reported a net loss of Rs. 189.95 lakhs for FY25, wider than the Rs. 123.63 lakhs loss in FY24, with quarterly loss of Rs. 68.34 lakhs. Revenue from operations was flat at Rs. 17 lakhs for the year (Rs. 4.25 lakhs in Q4), while other income lifted total income to Rs. 84.15 lakhs. The company's net worth is completely eroded, with negative equity of Rs. 1,391.31 lakhs, and long-term borrowings rose to Rs. 1,503.54 lakhs from Rs. 1,267.87 lakhs. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter on going concern, noting that the Holding Company has committed to provide financial support. Operating cash flow remained negative at Rs. 88.73 lakhs, and the company has applied for a waiver on BSE charges of Rs. 39.77 lakhs related to non-compliance with minimum public shareholding norms.
Shareholders face a deeply distressed company with fully eroded net worth, rising losses, flat core revenue, and dependence on its Holding Company for survival. This is a high-risk situation; the stock trades in BSE's 'XT' group and recovery depends entirely on continued parent support and resolution of compliance issues.