Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR') read with Part A of Schedule ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Automobile Products of India Limited approved its audited financial results for the quarter and year ended 31st March 2025 on 28th May 2025. Revenue from operations stood flat at Rs. 17.00 lakhs for FY25, same as FY24, while total income rose modestly to Rs. 84.15 lakhs from Rs. 77.80 lakhs. The company reported a net loss of Rs. 189.95 lakhs for FY25, wider than the Rs. 123.63 lakh loss in FY24, driven largely by sharply higher finance costs of Rs. 150.09 lakhs (vs Rs. 81.53 lakhs). Net worth is fully eroded at Rs. (1,391.31) lakhs, and the auditor flagged an Emphasis of Matter noting the results are prepared on a going concern basis because the holding company has committed to provide financial support. Operating cash flow remained negative at Rs. (88.73) lakhs.
For shareholders, this is a concerning set of numbers: core operations are negligible (Rs. 17 lakhs of revenue), losses are deepening, net worth is fully wiped out, and the company survives only on financial support from its holding company. While the audit opinion is technically clean (unmodified), the going-concern emphasis signals elevated solvency risk, which may weigh on stock sentiment despite the FY24 BSE trading reinstatement.