Result Financial Statement for the Year Ended 31st March 2025

Going ConcernAdverse OpinionRevenue DeclinePat NegativeDebt Equity ThresholdResults 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.

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₹4.73

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+3.0% vs market

Other Textile Products peers, median of 169sector-0.3%+3.7% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 3.7 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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+35.3+11.4+24.0+2.0+33.3

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 169Pending

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AI summary

Gravity (India) Limited reported a loss after tax of ₹200.58 lakhs for FY25, narrower than the ₹616.34 lakh loss in FY24, but operating revenue collapsed from ₹225.45 lakhs to ₹122.30 lakhs (down ~46%), with Q4 FY25 revenue at just ₹0.18 lakhs indicating near-total shutdown of operations. The company's statutory auditor (A.R. Sodha & Co.) issued an Adverse Opinion on the financial statements, stating the going concern basis is inappropriate because the company has ceased operations, has accumulated losses, and carries significant liabilities. Notably, the company had separately submitted a Declaration of Unmodified Opinion to BSE, which directly contradicts the auditor's actual adverse opinion. Reserves remain deeply negative at ₹-693.97 lakhs, and total borrowings of ~₹275.58 lakhs exceed total equity of ₹206.22 lakhs.

Likely market impact

This is a serious red flag for shareholders — the auditor's adverse opinion and going concern qualification suggest the company may not be viable as a going concern, and there is a material discrepancy between the company's declaration of an unmodified opinion and the auditor's actual adverse opinion that warrants scrutiny. The stock is likely to face significant pressure, and investors should treat this filing as a high-risk event.