Financial Results 31/03/2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Omnipotent Industries reported audited results for FY25 showing a sharp deterioration: revenue from operations fell to Rs. 2,013.48 lakhs from Rs. 3,360.21 lakhs in FY24, and the company swung to a net loss of Rs. 424.60 lakhs versus a profit of Rs. 15.66 lakhs last year, translating to an EPS of Rs. (7.02). The company sold off all its fixed assets and inventory during the year, booking losses of Rs. 76.10 lakhs on fixed asset sale and Rs. 41.43 lakhs on inventory write-off. The auditor issued an unmodified opinion but flagged a material going concern uncertainty, noting the Kandla plant is non-operational and there are no clear future business plans. Additionally, the board accepted the resignation of Independent Director Vikas Jain and appointed two new Independent Directors, Navneet Khare and Manoj Batham, while also approving a shift of registered office from Bhandup to Mandvi in Mumbai.
Shareholders should note serious red flags: the company has wound down operations, promoter shareholding was diluted via open market sales, and the auditor has explicitly questioned the going concern assumption. GST litigation, doubtful debtors of Rs. 737+ lakhs, and lack of a clear business plan point to heightened risk for investors.