please find attached Audited Financial Results for period ended 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Punjab Communications Ltd reported FY25 total revenue of Rs 2,579.77 lacs vs Rs 2,200.72 lacs last year, but swung to a net loss of Rs 37.86 lacs from a profit of Rs 1,015.22 lacs in FY24 (the prior year was boosted by large exceptional items of Rs 1,548.08 lacs under VRS and OTS interest). Q4 FY25 standalone revenue fell to Rs 491.97 lacs from Rs 587.80 lacs in Q4 FY24, though Q4 PAT improved to Rs 141.16 lacs from Rs 54.97 lacs. Operating cash flow turned sharply negative at Rs (939.19) lacs vs Rs (121.13) lacs last year, and cash & equivalents dropped from Rs 2,316.74 lacs to Rs 399.51 lacs. Most importantly, statutory auditors M/s Ashwani & Associates issued an Adverse Opinion citing unreconciled inventory differences of Rs 506.99 lacs, improper valuation methods, absence of an ECL policy under Ind AS 109, and unconfirmed old trade receivables of Rs 306.67 lacs and payables of Rs 1,253.76 lacs outstanding for over three years.
This is a significant red flag for shareholders — the company has received an adverse audit opinion for the first time, meaning auditors believe the financials do not present a true and fair view. Combined with a swing to loss, deteriorating operating cash flows, and a sharp decline in cash reserves, investors should view this as a high-risk filing that may weigh on the stock and raises serious governance and going-concern concerns.