Keerthi Industries limited has furnished the Audited Financial results for the quarter and year ended March 31, 2025
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Keerthi Industries reported a steep decline in revenue for FY25 at ₹11,974 lakhs, down about 43.5% from ₹21,212 lakhs in FY24. Q4 revenue fell even sharper to ₹2,290 lakhs from ₹5,023 lakhs a year ago. The company slipped deeper into loss with FY25 net loss of ₹2,277 lakhs versus ₹1,569 lakhs in FY24, translating to a loss per share of ₹28.54. The Cement segment, which is the larger business, bore the brunt with revenues halving and segment loss widening to ₹3,090 lakhs. The Electronics segment, in contrast, remained profitable and grew modestly. The Board also approved the slump sale of the entire Electronics Division (PCB business) to Hyderabad Bottling Co on a going-concern basis, subject to shareholder approval via postal ballot. Statutory auditors Brahmayya & Co. issued an unqualified (clean) opinion on the results.
Shareholders face a third consecutive year of losses with continued erosion of net worth (other equity fell from ₹5,559 lakhs to ₹3,271 lakhs), while the slump sale of the profitable Electronics division could further weaken the revenue base going forward. Cash balances are critically low at just ₹2.85 lakhs, raising near-term liquidity concerns despite positive operating cash flow.