Board outcome for Financial results for the quarter and year ended 31.03.2025 attached herewith.
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Gujarat Winding Systems Limited reported audited results for FY25 with revenue from operations at nil and total income of Rs 29.80 lakhs (almost entirely from other income), up sharply from Rs 2.24 lakhs in FY24. Total expenses were Rs 22.02 lakhs, leading to a profit before tax of Rs 7.78 lakhs and profit after tax of Rs 5.85 lakhs, compared to Rs 0.18 lakhs in FY24. The balance sheet shows total assets of Rs 429.86 lakhs, but other equity remains negative at Rs -66.51 lakhs, indicating accumulated losses. Cash from operating activities was negative at Rs -11.37 lakhs, though investing activities contributed Rs 6.16 lakhs, ending the year with Rs 8.28 lakhs in cash. Auditor K M Chauhan & Associates issued an unmodified opinion, replacing the previous auditor Gaurang Vora and Associates who resigned during the year.
While the company swung to a small profit on paper, the absence of any actual operating revenue and the negative operating cash flow raise concerns about business sustainability. The negative other equity, dormant bank account since 2019, and outstanding income tax dues from prior years (1997, 2019, 2020) suggest limited operational activity, though the auditor confirmed no going concern issue for the next 12 months.