Financial Results for the quarter and year ended on 31.03.2025.
Awaiting price reaction for this filing.
Aananda Lakshmi Spinning Mills reported audited FY25 results alongside its Q4 results on May 28, 2025. The company disclosed accumulated losses of ₹3,449.58 lakhs, and current liabilities now exceed current assets. Total equity is deeply negative at ₹(1,843.99) lakhs, worsened from ₹(1,535.33) lakhs a year ago. Revenue from operations for the year came in at ₹271.41 lakhs against ₹338.34 lakhs (approximately a 20% decline year-on-year on a like-for-like basis), while the company posted a net loss of ₹(27.94) lakhs for the year (continuing operations) versus a loss of ₹(138.14) lakhs in the previous year. Operating cash flow swung sharply negative to ₹(256.59) lakhs from a positive ₹676.62 lakhs in FY24. The spinning division remains classified as discontinued operations since September 2020 due to sustained cash losses. The statutory auditor issued a Qualified Opinion, flagging (i) non-provisioning of interest on unpaid TDS of ₹2.69 lakhs and (ii) long-pending payables of ₹58.59 lakhs whose limitation period has expired. The board also appointed M/s. LANS & CO. as internal auditors for FY25-26.
This is a high-risk filing for shareholders. The going-concern flag, negative net worth, qualified audit opinion, negative operating cash flow, and accumulated losses above ₹3,449 lakhs signal serious financial distress. The stock is likely to face continued pressure and regulatory scrutiny; investors should treat any investment as highly speculative with the real risk of value erosion.