Submission of Audited Financial Results for the quarter and year ended 31.03.2025
Awaiting price reaction for this filing.
India Infraspace Limited reported audited results for FY2025 with severe financial stress. Standalone operations show total income of Rs 7.83 Lacs (up from Rs 2.75 Lacs) but a net loss of Rs 23.37 Lacs compared to a loss of Rs 1.93 Lacs in FY2024. The consolidated results are worse, with a net loss of Rs 104.26 Lacs versus a profit of Rs 1.71 Lacs in the prior year. The company has zero revenue from operations, with only other income of Rs 7.83 Lacs standalone. Balance sheet shows negative other equity of Rs 66.02 Lacs standalone and Rs 765.76 Lacs consolidated. Trade payables are dangerously high at Rs 504.22 Lacs standalone and Rs 821.77 Lacs consolidated. Cash reserves are critically low at Rs 0.09 Lacs standalone. The statutory auditors GMCA & Co. issued an unmodified opinion, meaning they gave a clean report without qualifications.
The company is in serious financial distress with mounting losses, negative net worth on a consolidated basis, and very low cash reserves. The significant jump in consolidated losses from Rs 1.71 Lacs profit to Rs 104.26 Lacs loss is alarming. Shareholders should be cautious as the company has no operating revenue and depends entirely on other income.