Audited Standalone and Consolidated Financial Results for the quarter ended 31st March 2025
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Dhatre Udyog reported audited FY25 results showing a steep decline, with total income falling to Rs. 14,459.79 lakhs from Rs. 21,936.42 lakhs in FY24. Profit before tax crashed to Rs. 239.77 lakhs from Rs. 1,556.80 lakhs, and after accounting for losses on defined benefit remeasurements, the company slipped into a net loss of Rs. 504.02 lakhs (vs. profit of Rs. 893.92 lakhs prior year). Operating cash flow turned negative at Rs. (69.65) lakhs from a positive Rs. 2,179.50 lakhs in FY24. The auditor issued a qualified opinion flagging unreconciled trade receivables/payables and missing valuation reports for assets held for sale worth Rs. 433.25 lakhs. The company shut down its Vizianagaram manufacturing plant in February 2025 due to aging equipment and technology obsolescence, and intends to sell off plant & machinery to either set up a new facility or diversify into real estate development. The audit report also highlights material uncertainty about the company's ability to continue as a going concern.
Shareholders should be cautious: the business has effectively ceased core manufacturing operations, the auditor has flagged a going concern uncertainty, and the bottom line swung to a loss with negative operating cash flow. The stock may face pressure given the operational shutdown, though the company's plans to monetize plant assets and pivot toward real estate could be a swing factor.