Audited Financial Results for the Quarter and Year ended 31st March, 2025
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Polyspin Exports Ltd reported audited results for FY25 with standalone revenue from operations rising to Rs. 22,513.84 lakhs from Rs. 20,221.32 lakhs in FY24, up about 11%. Q4 standalone revenue grew ~23% to Rs. 6,034.63 lakhs. The company swung back to profit — standalone total PAT was Rs. 267.52 lakhs versus a loss of Rs. 331.51 lakhs in FY24, and consolidated PAT was Rs. 410.22 lakhs vs a loss of Rs. 278.42 lakhs. Standalone EPS improved to Rs. 2.67 from a loss of Rs. 3.31. The Cotton Yarn business had been discontinued in June 2023 and its remaining assets were sold during Q2 FY25, which lifted overall profitability. However, operating cash flow turned sharply negative at Rs. (933.78) lakhs vs Rs. 775.86 lakhs inflow last year, driven by a Rs. 1,523 lakh rise in trade receivables and a Rs. 1,066 lakh fall in trade payables. The auditor (Krishnan and Raman) issued an unmodified opinion.
A clear turnaround from losses to profits is positive for shareholders, but the negative operating cash flow and rising receivables raise working-capital concerns that investors should watch. Overall, the results are encouraging on earnings but mixed on cash quality.