Submission of the Standalone Audited Financial Results along with Auditor''s Report for the quarter and financial year ended 31st March 2025
Awaiting price reaction for this filing.
Virgo Polymers India Ltd reported strong revenue growth for FY25, with revenue from operations rising about 39% to Rs. 18,182.7 lakh from Rs. 13,053.5 lakh in FY24. Net profit grew modestly by around 8% to Rs. 231.9 lakh (FY24: Rs. 214.9 lakh), with EPS at Rs. 6.82 versus Rs. 6.32. Q4 FY25 showed a sharp jump in revenue to Rs. 5,366.8 lakh and a swing back to profit of Rs. 153.7 lakh against a loss in Q4 FY24. However, the balance sheet shows major deterioration — long-term borrowings nearly tripled to Rs. 3,918 lakh, pushing the debt-to-equity ratio well above 2x, and trade receivables ballooned by 57% to Rs. 7,730 lakh. Net cash from operating activities turned sharply negative at Rs. (1,905.8) lakh versus a small negative Rs. (63.8) lakh last year, and finance costs doubled to Rs. 537 lakh.
Top-line growth is impressive, but rising debt, surging receivables, and steeply negative operating cash flow raise concerns about working capital health and interest burden. Shareholders should watch for further borrowing and collection efficiency, as higher finance costs may pressure future profits despite revenue expansion.