Audited Financial Results for the year ended March 31, 2025
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Candour Techtex Limited reported a turnaround for FY25, with revenue from operations rising modestly to Rs 18,810.18 lakhs (vs Rs 18,473.41 lakhs in FY24, ~1.8% growth). The company swung from a loss after tax of Rs 105.70 lakhs in FY24 to a profit of Rs 67.28 lakhs in FY25, with EPS of Rs 0.04 (vs Rs -0.62). However, Q4 FY25 alone was a loss of Rs 74.16 lakhs. The Plastic and Trading divisions drove profitability, while the Technical Textile division deepened its losses to Rs 630.39 lakhs. The company raised Rs 8.53 crore via a preferential equity issue in January 2025, and total equity strengthened to Rs 3,931.87 lakhs. Borrowings were reduced and operating cash flow turned sharply positive at Rs 611.18 lakhs (vs -339.40 lakhs last year).
Stockholders can view this as a positive turnaround story with cleaner balance sheet, debt reduction, and positive operating cash flow, though weak Q4 results and ongoing losses in the Technical Textile segment remain concerns. The unmodified audit opinion and full utilization of preferential issue proceeds without deviation add credibility.