ENCLOSED HERWITH FINANCIAL RESULT FOR YEAR ENEDED 31/03/2025
Awaiting price reaction for this filing.
Deccan Bearings Limited reported nil revenue from operations for the fourth quarter and full year ended 31 March 2025, with only other income of Rs 4.01 lacs for FY25 (down from Rs 4.57 lacs in FY24). Total expenses of Rs 19.98 lacs led to a loss after tax of Rs 16.36 lacs for FY25, slightly narrower than the Rs 17.69 lacs loss in the prior year. The balance sheet shrank sharply to Rs 15.69 lacs in total assets (from Rs 29.11 lacs), with shareholders' funds at just Rs 7.32 lacs against paid-up equity of Rs 218.33 lacs and accumulated losses of Rs 211.01 lacs. Operating cash flow remained negative at Rs (20.06) lacs, while cash balances dropped to Rs 0.73 lacs from Rs 7.05 lacs a year earlier. The auditor (PAMS & Associates) issued an unmodified (clean) opinion, and the company disclosed related-party transactions involving director remuneration, sitting fees, and a Rs 50,000 loan to a director.
The stock is effectively non-operational with no revenue from its core bearing business, persistent cash losses, and razor-thin shareholders' funds raising serious questions about going-concern viability. Shareholders should view this as a high-risk, near-dormant company with little fundamental support for the share price.