Financial Result for the quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
Tulsi Extrusions, a company revived from insolvency after NCLT changed its status from 'Under Liquidation' to 'Active' in May 2023, reported a delayed submission of its FY25 results (due May 30, filed August 7, 2025) due to pending NCLT matters on share listing. Full-year revenue fell sharply to ₹3,780.86 lakhs from ₹5,518.50 lakhs in FY24, a decline of about 31.5%. The company posted a wider full-year loss of ₹780.84 lakhs versus a loss of ₹345.74 lakhs in FY24, though Q4 FY25 alone turned profitable at ₹249.75 lakhs. The auditor issued an unmodified opinion but flagged an Emphasis of Matter regarding a prior period depreciation error of ₹3.11 crores that was corrected by adjusting opening retained earnings. Borrowings surged dramatically (non-current from ₹22.31 to ₹1,587.11 lakhs; current from ₹3.49 to ₹1,302.30 lakhs), and operating cash flow remained deeply negative at ₹(2,978.79) lakhs.
Despite the Q4 turnaround, shareholders should note that full-year losses have widened, revenue is contracting sharply, the company is heavily reliant on new borrowings and share issuances to stay afloat, and a pending NCLT case over share listing remains unresolved. The late filing and prior period error correction may weigh on investor confidence in governance quality.