Audited Financial results for Financial year/Quarter ended 31.03.2025
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Deccan Polypacks reported a net profit of Rs 90.52 lakhs for FY25, swinging from a loss of Rs 4.58 lakhs in FY24. However, the profit is almost entirely driven by a one-time 'Liabilities Written Back' of Rs 111.97 lakhs, with the entire business classified under 'Discontinued Operations,' indicating no real operating activity. The Board also approved writing off Rs 93.45 lakhs in sundry debtors. The auditor issued an unmodified opinion but flagged an Emphasis of Matter on preparation of accounts on a 'realizable value basis' and absence of balance confirmations, raising going concern concerns. Operating cash flow was negative at Rs 21.44 lakhs despite the headline profit. New directors and a secretarial auditor were also appointed.
This is effectively a shell/discontinued company in wind-down mode. The headline profit is a non-recurring accounting entry, not from any real business, and going concern and negative operating cash flow concerns make this a high-risk, low-operating-value proposition for shareholders.