Result for the quarter and year ended 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 3.9 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Emerald Leisures reported audited results for FY25 showing continued losses. Revenue from operations fell to Rs 1,500.34 lakhs from Rs 1,578.84 lakhs in FY24, a decline of about 5%. Net loss widened to Rs 1,079.84 lakhs versus Rs 973.17 lakhs last year, with a Q4 loss of Rs 237.92 lakhs. Loss per share stood at Rs 7.47 for the full year. The company raised Rs 1,218.85 lakhs via a rights issue in October 2024, used mainly to repay inter-corporate deposits and secured loans. The auditor (P G Bhagwat LLP) gave an unmodified opinion but flagged an Emphasis of Matter on impairment assessment of non-financial assets, noting management's going concern assessment and reliance on continued promoter support. The company has negative (eroded) equity of Rs 7,558 lakhs and total borrowings of Rs 13,587 lakhs, while operating cash flow was negative at Rs 1,806 lakhs. First-time consolidated results include the newly acquired subsidiary Gala Mahim Cluster Developers LLP.
Continued losses, deeply negative equity, and heavy reliance on promoter support raise serious going concern concerns despite a clean audit opinion. Shareholders face persistent dilution risk and the stock may stay under pressure until the hospitality business returns to profitability.