Board meeting out come -Financial Result for the quarter ended 31/03/2025
Awaiting price reaction for this filing.
The Board approved unaudited financial results for the quarter and year ended 31 March 2025 on 29 July 2025. Q4 FY25 revenue from operations jumped sharply to Rs 1,622.56 lakhs from Rs 539.35 lakhs in Q4 FY24, but full-year FY25 revenue fell to Rs 2,763.49 lakhs vs Rs 4,957.02 lakhs in FY24. The company reported a loss before tax of Rs 1,180.16 lakhs in Q4 FY25, while the full-year FY25 loss widened sharply to Rs 7,459.95 lakhs from Rs 4,873.98 lakhs in FY24, with EPS at Rs (0.99) for the quarter. The company continues to face a 'not a going concern' qualification from prior auditors, its mill operations were officially closed in October 2021, and books from April 2015 to March 2024 remain subject to finalization and audit, meaning reported numbers could still change.
Negative for shareholders — losses are widening, the going-concern flag persists, and nearly a decade of accounts is still unaudited. The Q4 revenue spike is notable but likely reflects one-off or transitional activity tied to the ongoing lease-out/closure process rather than a sustainable turnaround.