Submission of audited financial results for the year ended 31st march 2025
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CDG Petchem Ltd (formerly Urbaknitt Fabs Limited) reported deeply negative results for FY25. Standalone revenue from operations fell sharply to Rs. 898.73 lakhs from Rs. 1,539.98 lakhs (a drop of about 42%). Standalone loss after tax widened to Rs. (105.75) lakhs from Rs. (91.64) lakhs, with EPS at Rs. (3.44) versus Rs. (2.98). On a consolidated basis, revenue declined to Rs. 2,309.97 lakhs from Rs. 4,052.75 lakhs (down about 43%), and loss after tax deteriorated to Rs. (115.14) lakhs from Rs. (55.28) lakhs. Consolidated total equity turned negative at Rs. (1.86) lakhs versus Rs. 113.28 lakhs a year earlier, while operating cashflow swung sharply negative to Rs. (721.51) lakhs from Rs. 114.19 lakhs. The statutory auditor (S. Bhalotia & Associates) issued an unmodified opinion on both sets of results.
This is a poor set of results for shareholders. Revenue has more than halved, losses are widening, the company's net worth has turned negative on a consolidated basis, and it is burning cash from operations. While qualified borrowings were sharply cut (Rs. 7.02 cr to Rs. 0.24 cr), the overall financial health looks weak and the stock is likely to see negative sentiment.