Integrated Filing of Financial Results for the year ended 31st March 2025
Awaiting price reaction for this filing.
Lynx Machinery & Commercials Ltd reported zero revenue from operations for FY25, with total income of just Rs 0.64 lakhs coming entirely from other income. The company posted a net loss of Rs 126.86 lakhs, widening from a loss of Rs 54.04 lakhs in FY24, with basic EPS at negative Rs 13.69. Net worth is negative at Rs 28.01 lakhs, while long-term borrowings stand at Rs 827.47 lakhs. The statutory auditor issued a qualified opinion, flagging non-provision for doubtful trade receivables of Rs 21.35 lakhs, with the impact adjusting losses further to Rs 148.20 lakhs. Cash flow from operations was deeply negative at around Rs 142 lakhs. Significant related party loans were given to directors and related entities totaling Rs 80 lakhs, plus a Rs 40 lakh deposit to Amisha Engineering Pvt Ltd.
This is a distressed filing: zero core revenue, negative net worth, mounting losses far exceeding income, and high debt service costs (~Rs 78 lakhs finance cost vs Rs 0.64 lakh income) signal serious going-concern risk. Shareholders should note the qualified audit opinion, negative book value, and heavy reliance on related-party funding, all of which point to fundamental weakness in the business.