Please find enclosed herewith the Audited financial results for the year ended 31st March, 2025 as approved by the Board of Directors at their Meeting held on 23rd May, 2025
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Elango Industries Limited reported audited results for FY25 with total revenue of Rs. 95.92 lakhs, a steep decline of about 63% from Rs. 258.65 lakhs in FY24. The company posted a net loss of Rs. 21.69 lakhs, wider than the Rs. 14.48 lakh loss in the previous year, with EPS of Rs. (0.57) versus Rs. (0.38). Reserves turned negative at Rs. (4.93) lakhs compared to a positive Rs. 16.76 lakhs a year earlier, and net worth slipped to Rs. 377.23 lakhs. The statutory auditor (P. Pattabiramen & Co.) issued a Qualified Opinion flagging concerns over recoverability of an electricity subsidy receivable of about Rs. 1.10 crore pending for a long time and unconfirmed balances with two related parties under Corporate Insolvency Resolution Process (Kaveri Gas Power and Cauvery Power Generation). The Board approved the results at its meeting on 23rd May 2025, and the company confirmed non-applicability of certain SEBI LODR provisions citing its small size.
Negative for shareholders — collapsing revenues, widening losses, negative reserves, and a qualified audit opinion on recoverability of significant outstanding balances signal ongoing financial stress. Investors should view this stock with caution given the deteriorating fundamentals and unresolved related-party exposures.