Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
Crysdale Industries (formerly Relson India) reported audited results for FY2024-25 with an unmodified audit opinion from JMMK & Co. Total standalone revenue collapsed to Rs 4.56 lakhs from Rs 10.26 lakhs in the previous year — a sharp ~55% decline. The company posted a net loss of Rs 19.09 lakhs (standalone) and Rs 19.37 lakhs (consolidated) for the full year, nearly doubling its FY24 loss of Rs 10.21 lakhs. Basic EPS worsened to Rs (1.16) from Rs (0.62). Q4 alone saw a Rs 7.55 lakh loss on Rs 1.71 lakh of revenue. The board also approved the appointment of M/s. Nitesh Chaudhary & Associates as Secretarial Auditor for FY25 and a shift of the registered office within Mumbai.
The results are weak — revenue is shrinking while losses are widening, indicating poor operating performance despite a clean audit. Shareholders should note the deteriorating financials, though the company has low debt (Rs 21.22 lakhs) and a new subsidiary (Wergreen Industries, 51% stake) was incorporated during the year which could be a future growth lever.