Financial result for quarter and year ended 31st March 2025
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Shashank Traders reported audited FY25 results with total revenue of just Rs 4.84 lacs (vs nil in FY24), consisting entirely of a Q3 stock-in-trade transaction. Total expenses stood at Rs 18.32 lacs, leading to a net loss of Rs 13.48 lacs, marginally better than the Rs 15.85 lacs loss in FY24. Loss per share improved to Rs (0.44) from Rs (0.51). The balance sheet shows total assets of Rs 532.22 lacs, total equity of Rs 220.03 lacs (with negative other equity of Rs 89.35 lacs), and borrowings of Rs 285.97 lacs. Operating cash flow remained negative at Rs (0.39) lacs. The statutory auditor issued an unmodified opinion but flagged three emphasis-of-matter points: investments not measured at fair value per IndAS 109, debit/credit balances pending party confirmation, and dormant bank accounts pending confirmation.
The company continues to post losses with negligible operating revenue and has accumulated negative reserves, which is a red flag for long-term sustainability even though the auditor did not raise a going concern issue. Shareholders should treat this as a high-risk, thinly-traded stock with weak fundamentals.