ENCLOSED HEREWITH INTEGRATED FINANCIAL FOR YEAR ENDED 31/03/2025
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Awaiting price reaction for this filing.
Premier Capital Services Ltd, a small company engaged in manufacturing and trading of dairy products, reported audited results for FY25. Revenue from operations rose modestly to ₹74.04 lacs from ₹68.31 lacs in FY24, while total income was ₹80.95 lacs vs ₹77.60 lacs. However, the company posted a massive net loss of ₹1,249.77 lacs for FY25, compared to a loss of ₹9.00 lacs in FY24, largely driven by an exceptional item of ₹1,248.74 lacs (diminution/reversal in value of investments). Note 4 in the filing strangely claims 'no exceptional items during the year 2024-2025', contradicting the results table. Basic/diluted EPS swung to -₹3.37 from -₹0.02. On the balance sheet, total assets stood at ₹786.96 lacs with shareholders' funds of ₹683.30 lacs. Short-term borrowings rose to ₹58.39 lacs and trade payables jumped to ₹43.47 lacs from ₹12.84 lacs. Cash flow from operations remained negative at -₹14.08 lacs. Auditor Spark & Associates issued an unmodified (clean) opinion. Related party transactions were disclosed with directors and KMP, including an unsecured loan from Non-Executive Director Manoj Kasliwal.
Shareholders face a deeply negative year — a small operational business saddled with a near-total wipeout via a ₹1,248 lac exceptional item (likely investment write-down reversal accounting). With negative operating cash flow, rising short-term borrowings and payables, the clean audit opinion offers little comfort; the stock price may face pressure on concerns over asset quality and the contradiction between Note 4 and the reported exceptional loss.