outcome of lboard meeting financial results
CELEBRITY · price
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The Board of Celebrity Fashions approved unaudited financial results for the quarter ended June 30, 2025. Revenue from operations stood at Rs.40.67 crores, up from Rs.36.24 crores in the same quarter last year, a growth of about 12%. However, the company posted a net loss of Rs.6.73 crores for the quarter, though narrower than the Rs.8.56 crore loss in Q1 FY25. For full FY25, the company reported a loss of Rs.18.26 crores with other equity in negative territory at Rs.(39.13) crores. The auditor's review report flagged a 'Material Uncertainty Related to Going Concern' due to accumulated losses of Rs.45.87 crores, though they concluded the going concern basis remains appropriate. Separately, BP & Associates was appointed as Secretarial Auditor for five years from FY25-26 to FY29-30, subject to shareholder approval.
Short-term sentiment may be negative given continuing losses and accumulated losses of nearly Rs.46 crores, but the narrowing of quarterly loss and revenue growth offer some comfort. The going concern note from auditors is a red flag investors should monitor closely.