Submission of Audited Financial Results for the Quarter and Year ended 31.03.2025.
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Garware Synthetics reported FY25 revenue from operations of Rs. 1,072.99 lakhs, almost flat compared to Rs. 1,069.99 lakhs in FY24 (less than 0.3% growth). The company swung from a loss after tax of Rs. 4.77 lakhs in FY24 to a small profit of Rs. 1.30 lakhs in FY25, helped by exceptional items worth Rs. 27.74 lakhs. Q4 FY25 revenue stood at Rs. 274.55 lakhs with a profit after tax of Rs. 0.79 lakhs. The statutory auditor Jayesh Dadia & Associates LLP issued an unmodified (clean) opinion on the results. The balance sheet remains weak, with negative other equity of Rs. (777.57) lakhs and cash and bank balances falling sharply to Rs. 10.32 lakhs from Rs. 22.42 lakhs. Operating cash flow also dropped to Rs. 4.16 lakhs from Rs. 38.67 lakhs a year earlier.
The turnaround to a small profit is positive on paper, but the profitability is razor-thin and largely supported by exceptional items, while reserves remain deeply negative and cash balances have nearly halved — shareholders should view this as a weak micro-cap with limited cushion rather than a genuine recovery.