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Awaiting price reaction for this filing.
Garnet International Ltd has submitted copies of newspaper advertisements published on 31 May 2025 in Financial Express and Mumbai Lakshdeep, containing its audited standalone and consolidated financial results for Q4 and full year ended 31 March 2025. The board had approved these results at its meeting held on 30 May 2025, and the publication is being made under SEBI Listing Regulations 30 and 47. Key numbers from the published results show a sharp deterioration on a standalone basis: total income from operations fell to about Rs 326.63 lakh in FY25 (Q4 FY25: Rs 35.68 lakh) versus Rs 1,966.39 lakh in FY24, and the company swung to a standalone net loss of Rs 444.06 lakh in FY25 from a profit of Rs 153.46 lakh in FY24. On a consolidated basis too, FY25 revenue came in around Rs 1,967.48 lakh versus Rs 2,032.99 lakh earlier, with a consolidated net loss of Rs 598.40 lakh versus a prior year profit. EPS turned negative at Rs (2.26) standalone and Rs (3.05) consolidated, against Rs 0.78 in FY24.
This is primarily a compliance filing (newspaper publication of results already approved on 30 May 2025), so it carries no new incremental disclosure. However, the underlying numbers are weak — standalone revenue has collapsed and the company has slipped into a loss both standalone and consolidated, which is negative for shareholder sentiment and may put pressure on the stock price.