Please find attached Audited Financial Results for HYE/YE March 31, 2025
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Awaiting price reaction for this filing.
GCM Commodity & Derivatives reported audited FY25 results with zero revenue from operations, down from ₹296.71 lakhs in FY24, indicating a complete collapse in business activity. The company swung to a much deeper net loss of ₹440.68 lakhs (vs ₹67.97 lakh loss in FY24), driven mainly by a ₹434.10 lakh loss on stock market trading/investments. Reserves & Surplus turned negative at ₹(155.55) lakhs, eroding total equity by nearly half from ₹1,164.61 lakhs to ₹587.15 lakhs, while EPS worsened to ₹(5.94). A massive ₹1,593.59 lakhs remains stuck in NSEL-related litigation, with ₹268.04 lakhs in expected credit loss already booked. The auditor issued an unmodified opinion but raised an Emphasis of Matter on NSEL receivables, unconfirmed balances, dormant bank accounts, and retrospective ECL adjustments treated as a prior period error.
Negative operational revenue, deep losses, wiped-out reserves, and large unresolved NSEL litigation exposure point to significant financial stress and going-concern-type risks for shareholders. Expect negative sentiment on the stock, which is already on the SME platform and thinly traded.