Annual Results for the Financial Year ending 31-03-2025
INDORAMA · price
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On the reaction day the stock moved 18.6 pts more than Nifty Microcap 250 and 19.2 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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Indo Rama Synthetics reported FY25 consolidated revenue of Rs. 4,258.93 crore, up about 10% from Rs. 3,873.28 crore in FY24, while standalone revenue declined around 6.3% to Rs. 3,706.71 crore. The company swung back to profitability at the standalone level with a profit after tax of Rs. 18.74 crore versus a loss of Rs. 142.70 crore in the previous year. Consolidated PAT was barely positive at Rs. 0.11 crore compared to a loss of Rs. 204.56 crore. The auditor (Walker Chandiok & Co LLP) issued an unmodified opinion but flagged an emphasis of matter on the recoverability of deferred tax assets of Rs. 258.61 crore. The company also disclosed that current liabilities exceed current assets by Rs. 612.49 crore (standalone) and Rs. 816.44 crore (consolidated), though management believes the going concern assumption remains valid based on future business plans and credit facilities.
The return to standalone profitability is a positive signal, but the wafer-thin consolidated profit and a working capital deficit exceeding Rs. 800 crore highlight ongoing financial stress. The deferred tax asset recoverability remains a key risk worth monitoring for shareholders.