With reference to the Financial Results submitted on 17th May 2025 under Regulation 33 of SEBI (LODR) Regulations, 2015, we wish to clarify that due to a typographical error, the following ....
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Awaiting price reaction for this filing.
Omnipotent Industries has issued a correction to its May 2025 financial results filing, clarifying that the period was mislabelled as FY 2023-24 instead of FY 2024-25, and 'Unaudited' was wrongly written instead of 'Audited' in the heading. The underlying numbers remain unchanged. For FY25, revenue fell sharply to ₹2,013.48 lakhs from ₹3,360.21 lakhs in FY24 (a ~40% decline). The company swung from a small profit of ₹15.66 lakhs to a net loss of ₹424.60 lakhs, with EPS turning negative at ₹(7.02). The company sold off all its fixed assets (PPE dropped from ₹200.88 lakhs to zero), incurred ₹76.10 lakhs loss on asset sales and ₹41.43 lakhs on inventory write-off, and paid ₹132 lakhs under GST DRC-03. Operating cash flow turned negative at ₹(35.53) lakhs.
This is a highly negative filing for shareholders. The auditor has issued an Emphasis of Matter on Going Concern, noting the company sold all its fixed assets, has GST litigations, uncertain debtor recovery (₹737+ lakhs over 180 days), and no clear future operational plans, raising serious doubts about business continuity. Promoters also diluted their stake significantly. Stock price is likely to face heavy selling pressure.