Financial Results for the quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
Fraser and Company Limited reported FY25 results with total income of Rs. 3.09 Million (vs Rs. 2.20 Million last year) and a widened net loss of Rs. 15.77 Million (vs Rs. 10.54 Million). EPS deteriorated to (1.94) from (1.30). The statutory auditor issued a Qualified Opinion citing four unresolved issues: unconfirmed trade receivables of Rs. 96.09 Million (with NCLT cases pending), unconfirmed trade payables of Rs. 58.68 Million (with recovery suits of Rs. 24.47 Million against the company), undocumented supplier advances of Rs. 28.65 Million, and unreported GST Input Tax Credit blockage of Rs. 20.91 Million. The auditor flagged Material Uncertainty Related to Going Concern — the company has accumulated losses, negligible sales, no orders on hand, negative net worth of Rs. 53.66 Million, and negative operating cash flow of Rs. 7.41 Million. New management indicated they plan to change the company's main objects to revive revenue.
Negative for shareholders — losses have deepened, audit qualifications persist, going concern is in doubt, and net worth is negative. The stock is likely to face continued pressure unless the new management's planned business pivot materializes.