Financial Results for quarter and year ended on 31st March, 2025
Awaiting price reaction for this filing.
Quasar India Limited reported FY25 revenue from operations of Rs 4,213.35 lacs, up from Rs 3,645.74 lacs in FY24 (about 15.6% growth). However, profit collapsed sharply — full-year PAT fell from Rs 165.85 lacs to just Rs 2.45 lacs, and the standalone Q4 FY25 swung to a loss of Rs 302.98 lacs versus a loss of Rs 4.31 lacs in Q4 FY24. The margin squeeze came from very high purchase costs and a Rs 2,145.64 lacs negative change in inventory. The company raised Rs 4,815.55 lacs through a rights issue to cover a deeply negative operating cash flow of Rs 4,813.92 lacs. The statutory auditor (J. Singh & Associates) gave an unmodified opinion and no dividend was recommended. New secretarial and internal auditors were also appointed.
Despite top-line growth, profitability has been almost entirely wiped out and the business is burning cash, relying on fresh capital from shareholders to sustain operations. For investors, this raises serious concerns about earnings quality and the company's ability to generate profits from its core trading activity without further capital infusion.