Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations'), we would like to inform you that the Board of Directors ....
Awaiting price reaction for this filing.
The Board of Ashoka Refineries Ltd approved the audited standalone financial results for Q4 and full year ended March 31, 2025. Statutory auditor Batra Deepak & Associates issued an unmodified (unqualified) opinion on the results. The company reported a net loss before tax of Rs 16.68 lakhs for FY25, compared to a small profit of Rs 2.26 lakhs in FY24. Total comprehensive income for FY25 was negative at Rs 14.68 lakhs. Total income for the year was around Rs 152 lakhs, broadly flat versus the previous year. The company's balance sheet remains small with total equity of Rs 258.23 lakhs and total assets of Rs 275.70 lakhs. Operating cash flow turned positive at Rs 25.72 lakhs (versus Rs 153.26 lakhs outflow last year), and cash balance improved to Rs 29.59 lakhs. The Board also appointed M/s G Soni and Associates as Secretarial Auditor for FY 2025-26.
Negative profitability and a swing to loss may weigh on investor sentiment, though the clean (unmodified) auditor opinion and improvement in operating cash flow provide some comfort. This is a very small-cap company with negligible revenue base, so the stock is likely to remain thinly traded and high risk.