AUDITED FINANCIAL RESULTS FOR 31 MARCH 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 1.8 pts more than Nifty Microcap 250 and 1.7 pts more than its Sugar 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.
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.