Approval of Financial Results for the Quarter and Year ended 31st March, 2025, at its Board Meeting held today.
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Bombay Wire Ropes Limited reported audited results for the quarter and year ended March 31, 2025, with the auditor (Batliboi & Purohit) issuing an unmodified opinion. The company recorded no revenue from operations and only other income of Rs. 13.74 lakhs for FY25 (vs Rs. 11.85 lakhs in FY24). Loss before tax widened to Rs. (63.03) lakhs vs Rs. (46.28) lakhs last year, while loss after tax deepened sharply to Rs. (130.66) lakhs from Rs. (30.86) lakhs, driven by a deferred tax impact of Rs. (67.00) lakhs. EPS for the year stood at Rs. (2.45) vs Rs. (0.58) earlier. Cash from operations was negative at Rs. (130.72) lakhs, though overall cash position rose to Rs. 686.57 lakhs due to sale of investments. The filing also includes related party transactions disclosure as required.
Persistent and widening losses with no operating revenue suggest the core business is not generating income, while negative operating cash flow raises concerns about sustainability despite a strong cash balance from investment liquidation. Shareholders may view this negatively in the near term.