Outcome of Board Meeting for approval of Financial Result as on 31st March, 2025.
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Awaiting price reaction for this filing.
Ceenik Exports (India) Ltd's Board approved its audited financial results for FY25, reporting a sharp swing into losses. Total income from operations turned negative at Rs. (204.34) lakhs versus Rs. 355.49 lakhs in FY24, driven primarily by a Rs. (1,806.62) lakhs loss in the derivative trading segment. The garments business recorded zero revenue with a loss of Rs. (68.66) lakhs, while Realty & Investments remained profitable with Rs. 1,509.46 lakhs in segment profit. Net loss after tax stood at Rs. (501.49) lakhs compared to a profit of Rs. 57.22 lakhs in FY24, with EPS of Rs. (12.47). The statutory auditors (J.S. Uberoi & Co) issued an unmodified opinion. Mr. Sunil Powar was appointed as Internal Auditor for FY26.
This is a negative filing — the company swung from profit to loss, with its derivative trading arm wiping out gains from the Realty & Investments segment. The garments business shows no revenue, raising concerns about core operations. Shareholders should expect a negative market reaction, though the clean audit opinion provides some comfort.