1. Audited Financial Results (Standalone) of the Company for the Quarter & Year ended on 31st March 2025 along with the Auditor's Report. 2. Statement on Impact of Audit Qualifications ....
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The Board, at its 8 May 2025 meeting, approved the audited standalone financial results for Q4 FY25 and full year FY25 (year ended 31 March 2025). For the full year, the company reported a net loss of Rs. 90.69 lakhs, a significant improvement from the Rs. 190.01 lakhs loss in FY24. Total income was broadly flat at Rs. 635.59 lakhs vs Rs. 622.13 lakhs, but revenue from operations declined about 12% to Rs. 426.81 lakhs (vs Rs. 483.71 lakhs), with most of the year propped up by Rs. 261.10 lakhs of exceptional items (likely profit on sale of fixed assets). The balance sheet shows accumulated losses widening to Rs. (1,197.79) lakhs in other equity, non-current borrowings rising 42% to Rs. 2,070.94 lakhs, and Capital Work-in-Progress jumping to Rs. 4,335.99 lakhs as the company invests in a new Ethanol Plant. Auditor Jain & Associates issued an unmodified (clean) opinion with no qualifications.
Loss has narrowed sharply, which is a small positive, but the company remains loss-making with negative other equity and rising debt (debt-to-equity around 1.8x). Heavy capex on the ethanol project could pressure cash flows and leverage in the near term; near-term stock reaction is likely muted without stronger top-line recovery once the ethanol plant is operational.