The Board in its Meeting held on 28.05.2025 has considered and approved the Audited standalone and Consolidated Financial Results for the year ended 31.03.2025
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PBM Polytex's Board, on May 28, 2025, approved audited standalone and consolidated financial results for FY ended March 31, 2025. Standalone revenue from operations fell to Rs. 17,621 lakhs from Rs. 19,157 lakhs in FY24, an ~8% decline. The company reported a standalone net loss of Rs. 467.82 lakhs (FY24 loss: Rs. 629.63 lakhs), with consolidated net loss at Rs. 443.79 lakhs. EPS was negative Rs. 6.80. The Board decided not to declare any dividend for FY25. The 106th AGM is scheduled for September 26, 2025. The auditor issued an unmodified opinion on standalone results but flagged an Emphasis of Matter on consolidated results due to the associate Eurotex Industries & Exports Ltd, whose net worth is fully eroded and whose Kolhapur manufacturing plants remain closed.
Continued losses and declining revenue are negatives for shareholders, though the loss narrowed compared to FY24. The skipped dividend means no income for investors this year. The emphasis of matter on the associate's going-concern status adds risk, but since PBM itself is generating operating cash burn of Rs. 561 lakhs, near-term pressure on the stock cannot be ruled out.