The financial results for the quarter and year ended March 31, 2025 are attached herewith.
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Pet Plastics Limited reported audited FY25 results with standalone revenue from operations falling sharply to ₹453.54 lakhs from ₹737.24 lakhs in FY24, a decline of roughly 38%. Despite the revenue drop, standalone profit after tax rose modestly to ₹14.53 lakhs (vs ₹13.30 lakhs), supported by lower purchase costs and higher other income. Q4 FY25 swung to a standalone PAT of ₹25.68 lakhs compared to a loss of ₹10.09 lakhs in Q4 FY24. On a consolidated basis, FY25 PAT was nearly flat at ₹9.43 lakhs vs ₹9.62 lakhs. Operating cash flow improved to ₹43.25 lakhs from a negative ₹95.39 lakhs last year. The auditor issued an unmodified opinion but included an Emphasis of Matter on pending reconciliations of balances, GST compliance, and significant merchant trading activity. The board also accepted the resignation of one Independent Director and appointed a new Independent Director and an Additional Managing Director.
Sharply lower revenue signals a tough year for the core trading business, but improving margins and a turnaround in quarterly profits offer some relief. Shareholders should note the pending balance and GST reconciliations flagged by the auditor, though management expects no material adjustments.