Results for the quarter and year ended 31st March, 2025
NKIND · price
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NK Industries Ltd reported sharply wider losses for FY25 on both standalone and consolidated bases. Standalone net loss widened to Rs 314.63 lakhs (vs Rs 116.81 lakhs in FY24), with EPS of Rs (5.24). Consolidated net loss stood at Rs 355.26 lakhs (vs Rs 103.05 lakhs), with revenue declining about 15% to Rs 1,612.82 lakhs. The company has accumulated losses of Rs 34,617 lakhs (standalone) and Rs 35,411 lakhs (consolidated), leaving net worth deeply negative. Auditor Pankaj R Shah & Associates issued a qualified opinion with a 'Material Uncertainty Related to Going Concern' and an Emphasis of Matter, citing unresolved NSEL-related trade payables, ED/PMLA proceedings, MPID Act criminal charges, and various income tax/sales tax demands. The Board also appointed new Secretarial Auditor (Chirag Shah & Associates) and Internal Auditor (Ashok P Patel & Co).
Shareholders face a deeply negative net worth, widening losses, negative operating cash flows, and unresolved legal/tax exposures. The auditor's going-concern uncertainty signals serious financial distress, making this a high-risk stock despite the regulatory filings being in order.