Attached Annual Report
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Awaiting price reaction for this filing.
Swadeshi Polytex Limited has submitted its 55th Annual Report for FY 2024-25 to BSE, along with the notice for its AGM scheduled for July 3, 2025 via video conferencing. Revenue from operations collapsed sharply from Rs. 9,925.66 lakhs in FY24 to just Rs. 40 lakhs in FY25, because the company had sold off all its land parcels in the previous year and had nothing left to sell. Profit after tax correspondingly dropped from Rs. 8,235.16 lakhs to Rs. 227.59 lakhs. Other income (Rs. 710.95 lakhs) helped keep the bottom line marginally positive. The board has not recommended any dividend and is evaluating new real estate development opportunities to rebuild revenue.
Existing shareholders should note that the revenue collapse is structural rather than operational — it reflects the exhaustion of saleable land inventory, not a business failure. With PAT still positive but down ~97% and no dividend declared, the stock may see limited near-term excitement unless the company announces new real estate projects.