Pursuant to Regulation 33 of SEBI Listing Regulations, the Board of Directors of the Company has considered and approved the Audited Financial Results for the quarter and financial year ....
Awaiting price reaction for this filing.
Golden Carpets Ltd reported FY 2025-26 revenue of Rs. 95.49 crore, up 21% from Rs. 78.98 crore in the previous year. However, the company posted a net loss of Rs. 16.39 crore, significantly worse than the Rs. 9.29 crore loss in FY 2024-25. Operating cash flow turned negative at Rs. 16.67 crore compared to Rs. 0.24 crore positive in the prior year. The statutory auditors issued an unmodified (clean) opinion on the financial statements. The board also appointed M/s. Atluri Ramesh & Associates as the new secretarial auditor for FY 2025-26.
Despite revenue growth exceeding 20%, the company continues to burn cash with widening losses and negative operating cash flows. Shareholders should be concerned about the deteriorating profitability and cash position despite top-line growth.