Results for the year ending 31st March 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gem Spinners India reported zero income from operations and zero other income for both Q4 and full-year FY25, indicating the company has no active business. Total expenses stood at Rs. 65.94 lakhs for FY25 (vs Rs. 58.39 lakhs in FY24), resulting in a widened pre-tax loss of Rs. 65.94 lakhs (FY24 loss: Rs. 58.39 lakhs). EPS was Rs. (0.11) versus Rs. (0.10) last year. The balance sheet is severely stressed with negative shareholder funds of Rs. (224.65) lakhs and accumulated losses of Rs. 3,293.25 lakhs sitting in reserves. Operating cash flow was deeply negative at Rs. (214.69) lakhs, with the company relying on fresh long-term borrowings of Rs. 220.34 lakhs to stay afloat; closing cash is just Rs. 0.90 lakhs. The statutory auditor issued an unqualified opinion but flagged a Key Audit Matter about fair value measurements not being done under Ind AS 113.
This is a financially distressed company with no revenue, negative net worth, mounting losses, and cash burn funded entirely by fresh debt — serious going-concern red flags. Shareholders face material risk of further value erosion and potential trading/delisting concerns; the stock is likely to remain under heavy pressure.