Standalone and Consolidated Financial Results for the Year and quarter ended 31st March, 2025.
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The Board approved audited financial results for Q4 and FY25 on May 28, 2025, with the statutory auditor issuing an unmodified (clean) opinion on both standalone and consolidated results. On a standalone basis, the company reported a loss before tax of ₹1,383 lakhs, narrower than ₹1,863 lakhs last year, but the loss per share for FY25 came in at ₹(17.91) versus ₹(18.14) previously. Consolidated revenue grew modestly to ₹1,00,395 lakhs (about 3% growth) from ₹97,540 lakhs, while the main Agro Processing-Maize segment swung dramatically from a profit of ₹253 lakhs to a loss of ₹1,815 lakhs. A large one-time profit of ₹2,960 lakhs from sale of property, plant and equipment materially boosted reported numbers. Net cash from operating activities turned sharply negative at ₹(3,861) lakhs versus a ₹3,524 lakhs inflow last year, and short-term borrowings nearly doubled to ₹13,196 lakhs. Additionally, CFO Mr. Manan Shah resigned effective June 10, 2025, citing other career opportunities, and new secretarial, internal, and cost auditors were appointed.
The narrower headline loss masks real deterioration: the core maize business is losing money, working capital pressures have flipped operating cash flow into outflow, short-term debt has surged pushing debt-equity above 2x, and the CFO exit adds management uncertainty. The reported improvement is largely driven by a one-time asset sale gain, so shareholders should expect continued pressure on operations and liquidity.