Simplex Infrastructures Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
SIMPLEXINF · price
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Simplex Infrastructures submitted its audited financial results for the quarter and year ended March 31, 2025, along with the board approving a preferential issue of equity shares to ICICI Bank and NARCL. On a standalone basis, revenue rose about 12% to Rs. 1,13,219 lakhs, but the net loss widened sharply to Rs. 7,189 lakhs from Rs. 3,157 lakhs in the prior year; consolidated net loss was Rs. 7,227 lakhs. The company executed a Master Restructuring Agreement (MRA) with NARCL, converting unsustainable debt of Rs. 28,372 lakhs into 10,084,027 equity shares (15% stake) at Rs. 281.36 per share, with promoters pledging another 11% of shares. Sustainable debt of Rs. 1,25,000 lakhs is to be repaid over 7 years, but overdue debts of Rs. 29,670 lakhs to non-assigned lenders remain under negotiation. Net cash used in operating activities was deeply negative at Rs. 11,721 lakhs (vs Rs. 4,001 lakhs generated last year), and the debt-equity ratio surged to 4.29 from 0.56.
This is a distress-driven debt restructuring with significant equity dilution (NARCL taking 15%) and pledged promoter holdings, signalling balance sheet stress despite top-line growth. Shareholders should weigh the heavy leverage (debt-equity over 4x), widening losses, and negative operating cash flow, which could keep the stock under pressure until operational recovery and remaining debt restructuring materialise.