Integrated financials for the quarter and year ended 31st March 2025
Awaiting price reaction for this filing.
India Radiators Ltd filed its audited results for Q4 FY25 and the full year ended 31 March 2025. Revenue from operations was flat at Rs. 6.32 lakhs, identical to FY24, indicating virtually no operating activity. Total expenses climbed to Rs. 111.45 lakhs (vs Rs. 86.05 lakhs), driven by finance costs of Rs. 79.90 lakhs and other expenses of Rs. 31.56 lakhs. Net loss widened sharply to Rs. 84.92 lakhs from Rs. 55.76 lakhs in FY24, with EPS of negative Rs. 9.44. The balance sheet now shows negative net worth of Rs. 37.03 lakhs (down from positive Rs. 47.90 lakhs), weighed down by non-current borrowings of Rs. 1,205 lakhs. Operating cash flow turned slightly negative at Rs. 0.83 lakhs. The statutory auditor (DPY & Associates) issued an unmodified opinion.
The company is in serious financial distress — near-zero revenue, deepening losses, eroded shareholder equity (now negative), and borrowings of over Rs. 12 crore against minimal operations. Shareholders should treat this stock as a high-risk, potentially value-trap situation pending clarity on the business's future direction.