Kindly find enclosed herewith audited financial result for the quarter and year ended on 31st March,2025.
Awaiting price reaction for this filing.
Gopal Iron and Steels Company (Gujarat) Limited reported audited FY25 revenue from operations of Rs 315.83 lakhs, down from Rs 419.38 lakhs in FY24 — a roughly 25% decline. The company slipped from a Rs 5.52 lakh profit in FY24 to a Rs 2.42 lakh loss in FY25, with EPS turning negative at Rs (0.05). The auditor issued an unmodified opinion but flagged a clear emphasis of matter: the company has recorded recurring operational losses and disposed of all its plant, machinery and major fixed assets, signalling business discontinuation and raising a going concern uncertainty. Contingent liabilities include pending income tax demands of about Rs 916.77 lakhs, including Rs 838.30 lakhs pending before the Supreme Court for AY 1996-97 and 1997-98. Net worth remains negative at around Rs 4.02 crore, and related party transactions with entities owned by key management personnel and their relatives were disclosed.
Shareholders should note the going concern flag, the swing from profit to loss, continued negative reserves and large tax-related contingent liabilities — these are serious red flags that could pressure the stock and raise solvency concerns.