AUDITED FINANCIAL RESULTS FOR 31 MARCH 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Piccadily Sugar & Allied Industries reported a net loss of ₹90.69 lakhs for FY25, significantly narrower than the ₹490.04 lakh loss in FY24, helped by a deferred tax credit and exceptional items of ₹227.69 lakhs (likely profit on sale of fixed assets). Revenue from operations declined ~11.7% to ₹426.81 lakhs from ₹483.71 lakhs, while total income was broadly flat at ₹635.59 lakhs. The balance sheet shows negative other equity of ₹1,197.79 lakhs (accumulated losses exceeding share capital support) and total borrowings of ~₹2,310.94 lakhs against equity of ₹1,127.66 lakhs (D/E ~2x). The company is in heavy capex mode for an ethanol plant — capital work-in-progress jumped from ₹2,461 to ₹4,336 lakhs. Operating cash flow was strongly positive at ₹1,969.46 lakhs, funded by a large increase in trade payables. The auditor issued an unmodified (clean) opinion.
Negative for shareholders in the short term — revenue is shrinking, the company is still loss-making at the operating level, and other equity is deep in the red. However, strong operating cash flow and the ethanol plant expansion could support a turnaround if executed well, making this a mixed/risk-on signal for the stock.