Please find enclosed herewith Integrated Financials for the year ended 31st March, 2025.
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Elango Industries Limited reported its audited financial results for FY25, with total revenue falling sharply to Rs. 95.92 lakhs from Rs. 258.65 lakhs in FY24, a decline of about 63%. The company posted a net loss of Rs. 21.69 lakhs, wider than the Rs. 14.48 lakhs loss in FY24, with loss per share at Rs. (0.57) versus Rs. (0.38). Reserves turned negative at Rs. (4.94) lakhs, down from a positive Rs. 16.76 lakhs, while net worth slipped to Rs. 377.23 lakhs. Cash flow from operations was effectively nil. The statutory auditor (P. Pattabiramen & Co.) issued a qualified opinion, flagging uncertainty around recoverability of Rs. 109.97 lakhs shown as electricity subsidy receivable and the absence of balance confirmations from related parties, notably Kaveri Gas Power Pvt Ltd (Rs. 3.17 crore under CIRP). This qualification has appeared repeatedly. Significant related party loans with group companies and the promoter/MD were also disclosed.
Continued losses, negative reserves, sharp revenue shrinkage, and a repetitive qualified audit opinion point to persistent financial weakness and weak governance signals, which is likely to weigh negatively on investor sentiment and the stock price.