Audited financial results for the year ended 31/03/2025
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Awaiting price reaction for this filing.
Omnipotent Industries reported a deeply negative set of audited results for FY25. Revenue from operations fell sharply to about ₹2,013 lakhs from ₹3,360 lakhs in FY24, a drop of roughly 40%. The company swung from a small profit of about ₹16 lakhs last year to a net loss of ₹424.60 lakhs, translating to a loss per share of ₹7.02. The company sold off all its fixed assets and most of its inventory during the year, booking losses of about ₹94 lakhs on the asset sale and ₹41 lakhs on inventory write-off, and its Kandla plant was not operational. The auditor flagged a material uncertainty around the going concern assumption, citing the asset sale, ongoing GST litigations, uncertain debtor recoveries, and the lack of a clear future business plan.
This is a clearly negative filing for shareholders. Revenue is collapsing, the company is loss-making, core operations have been wound down, and the auditor has raised a going concern warning. The board also saw an independent director resign and the registered office is being shifted. Shareholders should treat the stock as high-risk and watch for any signs of a new business model or fundraising to restore viability.