Audited Financial Results for the Quarter and Year ended 31st March,2025.
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Grandma Trading & Agencies reported a sharp deterioration in FY25, posting a net loss of Rs 145.38 lakhs versus a loss of Rs 0.66 lakhs last year, primarily driven by an exceptional write-off of Rs 115.49 lakhs in loans and advances. Revenue from operations fell to Rs 12.66 lakhs from Rs 22.31 lakhs, while total expenses ballooned to Rs 57.11 lakhs. Total equity collapsed to just Rs 6.96 lakhs (from Rs 152.34 lakhs), with other equity deep in the red at Rs (1,259.04) lakhs. Cash flow from operations was negative at Rs (34.98) lakhs. The Board also approved a 90% reduction in share capital (from Rs 13.06 crore to Rs 1.30 crore) to write off accumulated losses of Rs 11.75 crore, subject to regulatory approvals.
Despite the company claiming an 'unmodified opinion,' the auditor actually issued a qualified opinion flagging the loan write-off as lacking evidence under Ind AS 109. Shareholders face a 90% reduction in their shareholding count (value remains same at Re 1 per share), a major loss year, and an eroded balance sheet that required capital restructuring. The stock is likely to remain under pressure given negative operating cash flows, mounting losses, and severely depleted equity.