please find attached financial results for the year ended 31st March 2025
Awaiting price reaction for this filing.
Ashoka Refineries Limited reported audited financial results for FY25 with total income falling sharply to Rs 31.34 lakhs from Rs 152.17 lakhs in FY24, a steep revenue decline of nearly 80%. The company swung to a net loss of Rs 16.68 lakhs in FY25 compared to a marginal profit of Rs 1.69 lakhs in the previous year. Loss per share stood at Rs 0.43 versus Rs 0.01 earnings per share earlier. Despite the loss, operating cash flow turned positive at Rs 25.72 lakhs versus an outflow of Rs 153.26 lakhs in FY24, and cash balance improved to Rs 29.59 lakhs. The statutory auditor (Batra Deepak & Associates) issued an unmodified (unqualified) opinion on the results, and the board also appointed M/s G Soni and Associates as the new Secretarial Auditor.
Sharp revenue contraction and a return to losses signal weakening business activity for shareholders, though improved operating cash flow and a clean audit opinion provide some comfort. The stock may remain thinly traded given the small absolute numbers and negative shareholder equity of Rs 81.96 lakhs.