Neueon Towers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
Awaiting price reaction for this filing.
Neueon Towers Limited submitted audited results for FY25 and Q4, marking its first full reporting period after exiting the Corporate Insolvency Resolution Process (NCLT-approved resolution plan from PRECA Solutions-led consortium on Oct 23, 2024; new board reconstituted Nov 6, 2024). Standalone total income surged to Rs.556.61 lakhs from Rs.152.72 lakhs, but the company posted a net loss of Rs.(9,073.68) lakhs, broadly in line with the prior year's loss of Rs.(9,369.77) lakhs. The balance sheet shows a dramatic turnaround in net worth to Rs.85,680.70 lakhs (from negative Rs.1,53,366.00 lakhs) and borrowings collapsed to Rs.5,309.25 lakhs from Rs.1,31,023.76 lakhs, both due to resolution plan adjustments. However, operating cash flow was deeply negative at Rs.(1,22,231) lakhs. The auditor (RPSV & Co.) issued a Qualified Opinion on both Standalone and Consolidated results, flagging non-conduct of impairment testing, uncertainty over a Rs.13,993.47 lakhs investment in subsidiary carried at cost since 2007, and non-audited subsidiary accounts. An Emphasis of Matter was added on going concern depending on completion of remaining 50% of resolution plan obligations. PVRM & Associates was appointed as Internal Auditor for FY26.
Positive structural reset from the IBC resolution (debt wiped out, equity restored) is offset by persistent heavy losses, deeply negative operating cash flow, and a qualified audit with going-concern emphasis — the stock remains high-risk and its recovery depends entirely on the new management successfully executing the remaining resolution plan obligations.