revised board meeting outcome with Board decision on dividend
LOYALTEX · price
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Loyal Textile Mills has clarified that its board, at the May 27, 2025 meeting, approved audited standalone and consolidated financial results for FY2024-25 but did not recommend any dividend for the year. The company reported a standalone loss after tax of Rs. 54.68 crore and a consolidated loss of Rs. 51.24 crore for FY25, against losses of Rs. 42.95 crore and Rs. 39.50 crore respectively in FY24. Revenue from operations fell sharply to Rs. 682.15 crore from Rs. 939.19 crore a year earlier. Basic EPS was negative at Rs. (113.54) standalone and Rs. (106.39) consolidated. The auditor flagged a going concern uncertainty due to recurring losses, low capacity utilisation and weak liquidity, though management is restructuring operations, cutting costs and monetising non-core assets to return to profitability.
Shareholders get no dividend for FY25, and the deepening losses, falling revenue and going-concern warning from auditors signal continued financial stress, which is likely to weigh negatively on the stock despite the one-time exceptional gain of Rs. 81.36 crore from asset sales.