Considered and Approved Financial Results for the Quarterly and year end Audited financial results for 31.03.2025. The Financial Results along with Independent Audit Report of the Statutory ....
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Noble Polymers approved its audited Q4 and FY25 results on May 1, 2025. The company reported zero revenue from operations across all periods, with the entire Rs 393.95 lakh total income for FY25 coming from 'Other Income' (vs nil in FY24). FY25 profit after tax was Rs 310.66 lakh versus a loss of Rs 0.28 lakh last year, but Q4 FY25 alone posted a loss of Rs 26.62 lakh. Total assets jumped sharply from Rs 51.34 lakh to Rs 830.51 lakh, and reserves swung from negative Rs 329.42 lakh to positive Rs 323.95 lakh, mostly driven by the other-income bump. A red flag: the company has no inventory, no fixed assets, and has extended large loans to multiple unrelated entities (Arihant Share Consultancy, Hind Project, Rich Gold Finance, Shashwat Stock Brokers, Vohera Securities, Everon Advisors) totalling around Rs 5.5 crore.
The 'profit' looks misleading because there is no core business revenue, only other income, and operating cash flow is negative. The auditor changed mid-year (Niranjan Jain & Co. resigned, R.B. Gohil & Co. appointed), and large loans to unrelated entities raise governance concerns. Shareholders should treat this as a dormant/shell-company situation with unclear going-forward business.