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Awaiting price reaction for this filing.
Jai Mata Glass Limited submitted its audited standalone financial results for Q4 and FY25 to BSE. Revenue from operations was Rs. 43.33 lakhs in FY25, slightly down from Rs. 44.41 lakhs in FY24. The company recorded a one-time tax expense of Rs. 92.75 lakhs under the Direct Tax Vivad Se Vishwas Scheme, 2024 to settle old income tax disputes for assessment years 2013-14 and 2017-18. As a result, despite a pre-tax profit of Rs. 42.09 lakhs, the company swung to a net loss of Rs. 50.66 lakhs for FY25, compared to a small profit of Rs. 1.55 lakhs in FY24. Total comprehensive income was negative Rs. 25.33 lakhs. The auditor (Khiwani Sood & Associates) issued an unmodified (clean) opinion, with an Emphasis of Matter note drawing attention to the tax settlement. Reserves remain deeply negative at Rs. (784.66) lakhs, down from Rs. (691.27) lakhs in FY24.
The headline loss is driven by a one-time tax settlement payment, not by weakening operations. However, shareholders should note the erosion of net worth (negative reserves), which remains a structural concern. Operating cash flow was marginally positive at Rs. 0.56 lakhs. The stock price may see limited reaction as the loss is non-recurring, but weak equity base is a red flag.