Intimation of Audited financial results for the quarter and year ended 31.03.2025.
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Innovative Tech Pack Ltd reported a near break-even performance for FY25, with profit before tax falling sharply to ₹-1.81 lakhs versus ₹178.77 lakhs in FY24, a drop of nearly 100%. Revenue from operations declined about 5.8% to ₹13,409.53 lakhs from ₹14,236.99 lakhs. Q4 FY25 alone posted a loss of ₹329.32 lakhs versus a profit of ₹15.86 lakhs in Q4 FY24. EPS for FY25 came in at ₹-0.01 versus ₹0.80 the prior year. The auditor (Mahesh Yadav & Co.) issued an unmodified opinion but flagged seven Emphasis of Matter points, including ₹1,309.49 lakhs in doubtful debtors, ₹651.47 lakhs written off from a stuck NCLT case (Majestic Engineering), unpaid wages in cash, absence of an internal audit, and missing actuarial valuation for gratuity. Cash on hand dropped to just ₹9.79 lakhs while long-term borrowings rose to ₹2,340.50 lakhs.
Despite a clean audit report, the sharp profit collapse, near-zero cash balance, rising long-term debt, large receivable write-off, and multiple governance/compliance red flags (cash wage payments, no internal audit, unreconciled balances) point to stress in operations. Shareholders should view this as a weak year with notable quality-of-earnings and recovery concerns, likely weighing negatively on sentiment.