The Board of Directors in their meeting held today have approved the Standalone Audited Financial Results for the financial year ended on 31st March, 2025 and have enclosed the Auditors ....
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Awaiting price reaction for this filing.
Promact Impex Limited reported a sharp decline in FY25 performance. Revenue from operations fell to Rs 91.43 lakh from Rs 177.92 lakh in FY24, a drop of roughly 48.6%. Profit after tax collapsed to Rs 12.56 lakh from Rs 90.07 lakh, a decline of about 86%, while EPS fell to Rs 0.19 from Rs 1.38. The company continues to carry negative reserves of Rs 833.94 lakh, leaving total equity in the red at Rs -182.76 lakh. Current borrowings stand at Rs 410.99 lakh. The statutory auditor issued an unmodified opinion on the results.
Negative for shareholders — revenues and profits have nearly halved year-on-year, and the company's negative net worth signals serious financial weakness. The stock may see selling pressure given the weak earnings and eroded equity base, though the unmodified audit opinion avoids an immediate governance blow-up.