We wish to inform you that the Board of Directors of the Company at its meeting held today has inter alia 1) Approved the Audited Financial Statements (Standalone) for the year ended ....
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The board of Southern Latex approved the audited standalone financial results for the quarter and year ended 31 March 2025, along with the Board's Report. The company earned no revenue from operations during FY25; its entire income of Rs 53.90 lakhs (vs Rs 55.25 lakhs in FY24) came from other sources such as interest on deposits. Profit after tax was Rs 23.15 lakhs (vs Rs 23.50 lakhs) with EPS of Rs 0.315. Total expenses stayed low at Rs 26.47 lakhs. The statutory auditor issued an unmodified (clean) opinion on the results. Despite profits, operating cash flow remained negative at Rs -22.47 lakhs, while cash and bank balances rose modestly to Rs 8.47 lakhs. Other equity continues to be negative at Rs -58.77 lakhs, though improved from Rs -81.92 lakhs a year ago.
For shareholders: the company has essentially no operating business and is sustained only by interest income on its Rs 623 lakh loan/deposit portfolio; the negative other equity and negative operating cash flow are weak points, though results are stable and profits continue.