Revised outcome - We hereby submit the revised Standalone Financial Results for the quarter ended December 31, 2024. We confirm that the Net Profit for the said quarter is negative.
Awaiting price reaction for this filing.
Bombay Potteries & Tiles Ltd has revised its standalone financial results for Q3 FY25 (quarter ended December 31, 2024) after a discrepancy was found in the earlier disclosure of net profit. The company confirmed a negative net profit of Rs 89.69 lakhs for the quarter, sharply worse than the Rs 0.85 lakh loss in Q2 FY25. Critically, the company had zero revenue from operations across the quarter and the nine-month period. The bulk of expenses — Rs 88.66 lakhs — was a one-time payment to BSE towards listing fees and fines/fees for revocation of the listing suspension. BSE has delisted the company's shares effective December 17, 2024, and the company is challenging this order before the Securities Appellate Tribunal. Other equity stands negative at Rs (118.42) lakhs against paid-up equity capital of Rs 130 lakhs, indicating fully eroded net worth.
Existing shareholders face a grim situation: the stock has been delisted from BSE, the company has no operating revenue, and net worth is eroded (negative reserves). The revision itself signals poor financial reporting controls, and the delisting/penalty episode underscores serious compliance distress. This filing is a strong negative signal for any remaining investors holding the shares.