Submission of Integrated financial for FY 31.03.2025.
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Awaiting price reaction for this filing.
Pan Electronics India Ltd has filed its audited financial results for the full year ended 31 March 2025. Revenue from operations grew to around ₹4.83 crore compared to roughly ₹2.04 crore in the previous year, marking strong top-line growth. However, the company reported a net loss of ₹3.74 crore, slightly wider than the ₹3.64 crore loss posted in FY24. The balance sheet shows a deeply negative net worth of negative ₹26.41 crore, with total liabilities of ₹38.76 crore far exceeding total assets of ₹12.36 crore. Total borrowings stand at around ₹36.4 crore (non-current plus current). The statutory auditor has issued a qualified opinion, citing non-compliance with IND AS 116 (Leases), IND AS 109 (Financial Instruments), and IND AS 115 (Revenue from Contracts with Customers) due to data limitations, and was unable to quantify the impact.
For shareholders, this is a high-risk filing. The deeply negative net worth, continuous losses, qualified auditor opinion, and unresolved IND AS compliance gaps raise serious going-concern doubts. Despite revenue doubling, profitability remains elusive and the equity base is wiped out, which is a significant red flag for the stock.