We herewith submit the audited financial results along with the audit report for the period ended March 31, 2025.
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Eastern Treads Ltd reported FY25 revenue from operations of ₹6,023.29 lakhs, up marginally from ₹5,953.08 lakhs in FY24. However, the company swung to a wider net loss of ₹312.57 lakhs versus ₹280.29 lakhs a year ago, driven by higher finance costs (₹246 lakhs vs ₹297 lakhs) and elevated operating expenses. Most critically, the company's other equity has turned deeply negative at ₹(1,820.02) lakhs, meaning total net worth has fully eroded. Management has explicitly flagged in its notes that net worth is wiped out and disclosed a going concern assessment. The statutory auditor (G. Joseph & Associates) issued an unmodified opinion on the results.
This is a serious red flag for shareholders — the company is loss-making with completely eroded net worth and has disclosed going concern uncertainty. The stock is highly risky; future fundraising, lender support, or a turnaround in operations will be critical to survival.