Outcome of the Board Meeting and announcements pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 1) Audited Financial Results 2) Auditors' Report ....
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Flex Foods' board approved audited financial results for Q4 and FY ended March 31, 2025. Total revenue from operations rose about 23.7% YoY to Rs. 15,001 lacs (from Rs. 12,128 lacs), but the company reported a wider net loss of Rs. 3,250 lacs versus Rs. 2,593 lacs last year. Q4 alone saw a net loss of Rs. 524 lacs vs. Rs. 175 lacs in Q4 FY24. Finance costs surged 32% to Rs. 2,280 lacs, dragging profitability further. Operating cash flow remained negative at Rs. (233) lacs, though improved from Rs. (1,330) lacs. Statutory auditors gave an unmodified opinion. The board recommended a final dividend of Rs. 0.50 per share (5%) and appointed M/s. Mahesh Gupta & Co. as Secretarial Auditor for 5 years. The 35th AGM is set for August 21, 2025.
Higher revenue is a positive sign, but ballooning losses, surging finance costs, deeply negative equity buffer (other equity fell from Rs. 6,280 to Rs. 2,935 lacs), and a debt-to-equity ratio above 6x raise serious concerns about financial health. Shareholders get a small dividend, but the stock is likely to remain under pressure until the company returns to profitability.