Audited financial results for the quarter ended 31st March 2025 of Maris Spinners Ltd
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Maris Spinners has filed its audited standalone financial results for FY25, reporting a net profit before tax of Rs (164.69) lakhs, a sharp improvement from Rs (1,326.58) lakhs loss in FY24. The auditor issued an unmodified (clean) opinion, confirming the results give a true and fair view of the company's net loss and financial position. Operating cash flow turned strongly positive at Rs 1,454.19 lakhs versus Rs 426.11 lakhs last year, supported by working capital changes and lower tax outflows. However, short-term borrowings rose by Rs 555.70 lakhs and interest expense increased to Rs 984.07 lakhs from Rs 881.90 lakhs, indicating continued debt servicing pressure.
Although the company reported a net loss for the full year, the loss narrowed sharply and operating cash generation improved materially. Shareholders should weigh the persistent losses and rising interest costs against the better operating cash flow and clean audit opinion before making investment decisions.