Audited financial results for the quarter and year ended 31.03.2025
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Awaiting price reaction for this filing.
Cityman Ltd reported zero revenue from operations for both Q4 FY25 and the full financial year FY25, marking yet another year of complete business inactivity. The company posted a net loss of Rs. 31.48 lakhs in FY25, marginally narrower than the Rs. 35.32 lakh loss in FY24, with a basic EPS of Rs. (0.27). The balance sheet is severely stressed, with negative total equity of Rs. (656.98) lakhs, accumulated losses of Rs. 1,827.09 lakhs, and non-current borrowings rising to Rs. 1,397.83 lakhs. Operating cash flow remained deeply negative at Rs. (30.53) lakhs, with the company surviving only by drawing down borrowings of Rs. 30.24 lakhs, leaving just Rs. 1.08 lakhs in cash. The statutory auditor (NSVM & Associates) issued an unmodified opinion on the results.
This is a deeply concerning filing for shareholders — the company has zero revenue, negative net worth, mounting losses, and is entirely dependent on external borrowings to stay afloat, raising serious questions about its long-term viability as a going concern. Stock price is likely to face continued pressure given the distressed fundamentals.