Newspaper publication - Financials March 31, 2025.
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Awaiting price reaction for this filing.
Gokak Textiles Ltd has submitted newspaper clippings (Business Standard and Hosadigantha, dated May 24, 2025) of its audited financial results for Q4 and full financial year ended March 31, 2025, as required under SEBI Listing Regulations. For FY25, total income from operations fell to Rs 103.38 crore from Rs 134.01 crore in FY24, a decline of about 23%. The company reported a consolidated net loss after tax of Rs 42.73 crore for FY25, sharply wider than the Rs 19.43 crore loss in FY24. Standalone loss after tax for the year was Rs 41.27 crore versus Rs 18.67 crore earlier. Reserves stood at Rs 49.69 crore as of March 31, 2025, with equity share capital of Rs 5.50 crore. The statutory auditor issued an unqualified report, and the Board approved the results on May 23, 2025. Results reflect the impact of discontinued textile operations.
Sharply widening annual losses and a 23% drop in revenue point to continued financial stress, which is negative for shareholders. The filing itself is a routine regulatory disclosure and is unlikely to move the stock on its own, but the underlying weak results may weigh on sentiment.