Revised Audited Financial Results with the Audited half-yearly results for FY 2024-25
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Comrade Appliances Ltd reported a sharp revenue jump in FY25, with total income rising to ₹57.42 crore from ₹29.10 crore in FY24, a growth of about 97%. Despite the strong top-line, profit after tax was almost flat at ₹53.06 lakh versus ₹52.53 lakh, reflecting heavy cost and depreciation pressures. The second half (H2 FY25) was particularly strong with a PAT of ₹234.20 lakh, recovering from a loss of ₹181.14 lakh in H1 FY25. The company undertook a major capacity expansion, with property, plant and equipment rising from ₹6.02 crore to ₹23.74 crore. To fund this, long-term borrowings increased sharply from ₹1.80 crore to ₹11.73 crore, and cash and bank balances turned negative at ₹-134.58 lakh at year-end. Statutory auditor NBT and Co resigned during the year and was replaced by Suvarna & Katdare, who issued a clean (unmodified) audit opinion.
Positive on growth narrative but concerning on profitability — margins compressed sharply even as revenue nearly doubled, and the balance sheet now carries significantly higher debt with negative cash position. Shareholders should watch whether the capacity expansion translates into better margins and cash generation in FY26.