Libas Consumer Products Limited has informed the Exchange regarding Board meeting held on Jun 13, 2025.
LIBAS · price
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Libas Consumer Products Limited's board approved audited financial results for Q4 and FY25 on June 13, 2025. Standalone revenue from operations grew strongly to ₹5,493.93 lakhs in FY25 from ₹4,037.48 lakhs in FY24 (~36% growth), while consolidated revenue rose to ₹9,191.01 lakhs from ₹7,428.52 lakhs (~24% growth). However, standalone profit after tax swung to a loss of ₹157.44 lakhs versus a profit of ₹10.12 lakhs in FY24, and consolidated PAT nearly halved to ₹264.45 lakhs from ₹521.22 lakhs. The auditor issued a qualified opinion, flagging inventory overstatement of ₹1,187.30 lakhs, missing loan agreements for ₹884.27 lakhs in advances, doubtful trade receivables of ₹198.11 lakhs, and weak internal controls. Additional concerns include a ₹124.39 lakh GST demand under appeal, a ₹1.48 crore arbitration order challenged in Bombay High Court, and a fire at the Pedder Road store causing ~₹2.50 crore in damages (fully insured).
Despite strong top-line growth, profitability has deteriorated and shareholders should note the qualified audit opinion highlighting serious concerns around inventory management, recoverability of loans and receivables, and internal controls. Contingent liabilities from the GST demand and arbitration order, combined with pending litigation and ongoing tax non-compliance, represent material risks that could weigh on the stock price.