Results Financial Statement for the year ended 31st March 2025
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Awaiting price reaction for this filing.
Gravity India Limited reported a loss after tax of Rs. 200.58 lakhs for FY25, narrower than the Rs. 616.34 lakh loss in FY24. Revenue from operations fell sharply to Rs. 122.30 lakhs from Rs. 225.45 lakhs last year, and the company's reserves are deeply negative at Rs. (693.97) lakhs. The statutory auditor issued an Adverse Opinion for the first time, flagging that the going concern assumption is inappropriate since the company has ceased operations, has accumulated losses and significant liabilities. The auditor also noted that gratuity obligations were not provided as required under Ind AS 19 because no actuarial valuation was done. Operating cash flow was negative at Rs. (38.65) lakhs, though closing cash improved slightly to Rs. 16.28 lakhs.
This is a serious red flag for shareholders — the auditor has questioned whether the company can continue as a going concern, and a first-time Adverse Opinion signals deep financial trouble. Investors should expect heightened risk of further share price pressure and possible delisting or liquidation concerns.