BM HELD ON 29.5.2025 TO APPROVE AUDITED RESULTS FOR THE QUARTER AND YEAR ENDED 31.3.2025
Awaiting price reaction for this filing.
Andhra Pradesh Tanneries Ltd reported zero revenue from operations for FY25 and FY24, with the company confirming its plant is currently not in operation and business operations have ceased. Total income was just Rs 1.50 lakhs (other income) in FY25 versus Rs 1.00 lakhs in FY24. The company posted a net loss of Rs 27.29 lakhs in FY25, marginally wider than Rs 27.13 lakhs in FY24. Net worth is deeply negative at Rs (1,284.83) lakhs, while total borrowings stand at Rs 1,288.64 lakhs. Operating cash flow was negative at Rs (32.86) lakhs. The auditor issued an unmodified opinion but flagged a material uncertainty about the company's ability to continue as a going concern.
This is a deeply distressed micro-cap with no operating business, fully eroded net worth, and ongoing losses funded by additional borrowings. Shareholders face significant risk; the stock is essentially a non-operating shell with no clear path to revival, and the going concern warning is a major red flag.