Outcome - Board Meeting held on 30 May 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.4 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Patspin India Limited reported standalone audited results for FY25 with revenue from operations of Rs 4,733 lakhs (up ~8% from Rs 4,384 lakhs in FY24), but total income slipped to Rs 4,883 lakhs from Rs 4,947 lakhs. The company posted a net loss of Rs 979 lakhs for FY25 versus a loss of Rs 665 lakhs in FY24, with EPS at Rs (3.17). Other equity is deeply negative at Rs (8,529) lakhs and total borrowings stand at roughly Rs 8,126 lakhs, showing a severely eroded net worth. The statutory auditor (L.U. Krishnan & Co) issued an unmodified opinion but flagged a 'Material Uncertainty Related to Going Concern', noting the company's accounts were classified as sub-standard by lenders since March 2021 and a cash loss of Rs 683 lakhs in FY25. Management plans to restart own cotton yarn manufacturing at its Palakkad plant and has submitted a new resolution plan to lenders for restructuring WCTL debt; bankers have completed a TEV study confirming viability.
Shareholders face continuing losses with worsening equity erosion and a formal going-concern flag from auditors, though the unmodified audit opinion and lender-driven debt restructuring plan offer some hope. The stock is likely to remain under pressure until the resolution plan is approved and own manufacturing resumes to improve cash flows.