Financial Results for the financial year ended 31.03.2025
Awaiting price reaction for this filing.
Pact Industries Ltd, a small Ludhiana-based company trading in steel, iron and textiles, has reported deeply troubled FY25 results. Revenue from operations collapsed to ₹160.59 lakhs from ₹650.54 lakhs in FY24 — a roughly 75% year-on-year drop. The company posted a net loss of ₹502.38 lakhs (vs ₹516.28 lakhs loss last year) on total expenses of ₹642.62 lakhs that far exceeded its shrinking top line. Reserves have turned sharply negative at ₹(828.35) lakhs, pushing total equity into the red at ₹(274.27) lakhs, meaning shareholders' equity is fully eroded. The auditor flagged an Emphasis of Matter noting that the company's bank credit facility was declared a Non-Performing Asset (NPA) back in FY23, and no interest provision has been made. Operating cash flow remained negative at ₹(24.70) lakhs.
The company is in severe financial distress — negative net worth, persistent losses, an NPA-tagged loan, and a collapsing revenue base raise serious going-concern doubts for retail shareholders. The stock faces heightened delisting/circuit risks and limited near-term recovery prospects unless a turnaround or capital infusion materialises.