Audited Financial Results for the Quarter and Year ended 31st March, 2025
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Polyspin Exports reported audited results for Q4 and FY25 ended March 31, 2025. Standalone revenue from operations grew about 11% YoY to Rs. 22,514 Lakhs (FY24: Rs. 20,221 Lakhs), while Q4 revenue rose around 23% to Rs. 6,035 Lakhs. The company swung to a standalone profit after tax of Rs. 268 Lakhs (FY25) from a loss of Rs. 332 Lakhs in FY24, with continuing operations PAT at Rs. 378 Lakhs versus a Rs. 246 Lakh loss. On a consolidated basis, PAT was Rs. 410 Lakhs versus a Rs. 278 Lakh loss, aided by share of profit from associate Lankaspin (Sri Lanka). However, operating cash flow turned sharply negative at minus Rs. 934 Lakhs (FY24: positive Rs. 776 Lakhs) mainly due to a Rs. 1,523 Lakh jump in trade receivables. The loss-making Cotton Yarn segment was discontinued, with assets fully divested in Q2 FY25. Auditor M/s Krishnan and Raman issued an unmodified (clean) opinion. The 40th AGM is scheduled for August 29, 2025 via video conferencing.
The return to profitability after a loss year and 23% Q4 revenue growth are positives for shareholders, but the negative operating cash flow despite a profit signals rising working capital pressure that investors should track. Networth improved to Rs. 5,457 Lakhs (standalone).