Submission of unaudited financial results for the quarter ended 31.12.2024
Awaiting price reaction for this filing.
India Infraspace Limited has submitted Q3 FY2025 results (quarter ended December 31, 2024) with zero revenue from operations in both standalone and consolidated figures. For the nine months ended December 2024, the standalone entity recorded a loss of Rs. 27.32 lakhs on total income of just Rs. 3.88 lakhs (from other income only). The consolidated entity reported a nine-month loss of Rs. 108.20 lakhs. The statutory auditors (GMCA & Co.) issued an unmodified limited review report, but flagged that the subsidiary Shaurya Casting Pvt. Ltd.'s financials were unreviewed and provided solely by management. The company has accumulated negative other equity of Rs. 656.94 lakhs on a consolidated basis, raising substantial doubts about its ability to continue as a going concern.
The company is effectively non-operational with no revenue and mounting losses, combined with severe negative equity on consolidated books. Investors should be extremely cautious as the stock carries high risk of distress or delisting.