Financial Results for Quarter and year ended 31.03.2025
Awaiting price reaction for this filing.
Foundry Fuel Products Ltd reported audited results for Q4 and FY ending March 31, 2025. The company has zero business operations and earned no revenue during the year. It posted a net loss of Rs. 24.69 lakhs for FY25, marginally better than Rs. 25.05 lakhs loss in FY24, with EPS at Rs. (0.31). The company is currently searching for a new business project. Net worth has worsened to negative Rs. 124.28 lakhs, and current liabilities of Rs. 137.69 lakhs dwarf current assets of just Rs. 3.78 lakhs. Auditor Bohra & Co. gave an unqualified opinion but explicitly flagged a 'Material Uncertainty Related to Going Concern,' noting the company depends on funding support from its holding company to stay afloat.
This is effectively a dormant shell company with no active business, deeply negative net worth, and ongoing losses funded by borrowings from its holding company. Shareholders face significant going-concern risk — the stock is highly speculative and any recovery depends entirely on the company finding a viable new business and continued financial support from its parent.