Enclosed herewith the copy of standalone audited Financial Results For The Quarter And Year Ended 31St March, 2025 of the Company for your information
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Katare Spinning Mills Ltd reported audited results for FY25 with revenue from operations rising about 28% to Rs. 5.12 crore (from Rs. 4.00 crore in FY24). However, the company posted a net loss of Rs. 1.73 crore, slightly narrower than the Rs. 1.87 crore loss a year ago, with EPS at Rs. -6.00. Total expenses climbed to Rs. 7.38 crore, keeping the company in the red for the fourth straight year. The auditor flagged a 'Qualified Opinion' along with a 'Material Uncertainty Related to Going Concern', noting that the spinning division has been shut for roughly four years with no concrete plan to resume operations. The solar plant, however, is operating at full capacity and is profitable.
Shareholders should note serious red flags: a qualified audit opinion, an explicit going-concern warning, persistent losses, and a non-operational core spinning unit for four years. The stock carries significant risk and the board has skipped dividend for the year.