Results for the financial year ended on 31st March 2025
Awaiting price reaction for this filing.
Arcotech Ltd reported audited results for FY25 with a net loss of Rs. 8,748.86 lacs, narrower than the Rs. 14,359.28 lacs loss in FY24. Total income was a negligible Rs. 95.46 lacs (all from 'other income', zero revenue from operations), against total expenses of Rs. 9,996.00 lacs — of which Rs. 6,296.40 lacs was a provision for doubtful debts. The company's net worth is deeply negative at Rs. (29,048.05) lacs, with short-term borrowings of Rs. 52,763.15 lacs vastly exceeding current assets of just Rs. 3,926.13 lacs. The statutory auditor (Amit Joshi & Associates) issued a qualified opinion (5th consecutive year) and explicitly flagged 'Material Uncertainty Relating to Going Concern,' noting that the restructuring proposal with lenders is pending and some lenders have already filed cases in NCLT, DRT, and under SARFAESI. The company is using lower interest rates from a TEV study; had it used actual rates, the loss would have been Rs. 2,553.95 lacs higher. Cash flow from operations was negative at Rs. (866.02) lacs.
This is a deeply distressed micro-cap with zero operating revenue, negative net worth, and an active going-concern qualification — existing shareholders face very high risk of restructuring-driven dilution or total loss. The stock is likely to remain under heavy pressure and illiquid until the lender restructuring outcome is clear.