Audited Financial Results for the half year and year ended 31-03-2025
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Innokaiz India Ltd reported a deeply negative performance for FY25, with total income crashing to Rs. 975.01 lakhs from Rs. 7,828.49 lakhs in FY24, an 87-88% year-on-year decline. The company swung from a profit after tax of Rs. 210.24 lakhs in FY24 to a loss after tax of Rs. 407.45 lakhs in FY25. Loss per share stood at Rs. 3.99 versus an EPS of Rs. 2.11 last year. Total expenses of Rs. 1,383.91 lakhs outpaced revenues, with cost of operations and finance costs being major drags. Cash from operations remained negative at Rs. (135.62) lakhs, though improved from Rs. (1,529.29) lakhs in FY24. The statutory auditor issued an unmodified (clean) opinion. The board also re-appointed the secretarial auditor and appointed a new internal auditor for FY26.
Shareholders face a sharply negative year with revenue collapsing to a fraction of prior-year levels and the company reporting a substantial loss that has eroded reserves and equity. The negative operating cash flow and persistent losses may weigh on the stock price and signal deeper business challenges ahead.