Result - Financial Result - 23/04/2025

Going-concern doubtAdverse audit opinionRevenue declinedNet loss reportedResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹6.01

prior close

₹5.71

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.8% vs market

Other Textile Products peers, median of 173sector+0.0%-0.5% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+7.2

15m

+6.7

30m

+5.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.3-0.8+0.0-0.5

Next day

-5.3+0.7-6.0+0.0-5.4

-10.0+1.0-11.0-0.0-9.9

-6.2+1.1-7.2-0.0-6.1

-5.2+0.8-5.9-0.4-4.8

-0.5+1.3-1.8-0.9+0.4

+5.7+1.7+3.9+0.4+5.3

15d

+13.0+1.5+11.5-0.7+13.7

-0.2+4.0-4.2-0.3+0.2

+2.8+1.8+1.0-1.4+4.3

+14.0-1.0+14.9-6.9+20.9

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 173Pending

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AI summary

Gravity (India) Limited reported audited financial results for FY25, with total income falling to Rs. 196.89 lakhs from Rs. 227.60 lakhs in FY24, and net sales dropping sharply to Rs. 122.30 lakhs from Rs. 225.45 lakhs. The company posted a loss after tax of Rs. 200.58 lakhs, narrower than last year's Rs. 616.34 lakh loss, with EPS at Rs. -2.23. Total equity has shrunk to Rs. 206.22 lakhs with reserves deeply negative at Rs. -693.97 lakhs. The statutory auditor (A.R. Sodha & Co.) issued an Adverse Opinion, flagging that the going concern assumption is inappropriate as the company has ceased operations, carries accumulated losses and significant liabilities, and the financial statements do not reflect liquidation-basis adjustments. The auditor also noted non-compliance with Ind AS 19 as gratuity obligations were not actuarially valued, and inventories were written down to zero.

Likely market impact

This is a deeply negative filing for shareholders: the auditor's adverse opinion and the explicit going concern doubt indicate serious doubt about the company's ability to continue operating. Net sales have collapsed and reserves are deeply negative, signaling high risk of value erosion and possible delisting or liquidation action.