Submission of Outcome of Board meeting
Price
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Awaiting price reaction for this filing.
Garware Synthetics' Board approved audited financial results for Q4 and FY ended 31 March 2025. Full-year revenue rose marginally to Rs 1,072.99 lakh (vs Rs 1,069.99 lakh in FY24, up ~0.3%). The company reported a small net profit of Rs 1.30 lakh for FY25, swinging from a Rs 4.77 lakh loss in FY24, but this is entirely driven by an exceptional item of Rs 27.74 lakh (loan write-back). Without this one-time gain, the company made a pre-tax loss of Rs 20.98 lakh, showing the core business remains loss-making. Statutory auditors Jayesh Dadia & Associates gave an unmodified (clean) opinion. The Board also appointed M/s. SG & Associates as Secretarial Auditor for FY26 through FY30, subject to shareholder approval.
The headline return to profit is misleading — it rests on a non-recurring loan write-back, not improved operations. With negative other equity of Rs 777.57 lakh and weak operating cash flow (Rs 4.16 lakh vs Rs 38.67 lakh), fundamentals remain fragile. No meaningful positive trigger for shareholders from this filing.