Results of the FY ended 31st March, 2025
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Swadeshi Polytex Limited reported audited FY25 results with revenue from operations collapsing to just Rs 40 lakhs from Rs 9,925.66 lakhs in FY24, a near-total wipeout. Total income fell to Rs 750.95 lakhs (driven mainly by other income of Rs 710.95 lakhs) from Rs 10,592.72 lakhs. Net profit from continuing operations dropped sharply to Rs 226.06 lakhs (EPS Rs 0.58) from Rs 8,249.04 lakhs (EPS Rs 21.15). Q4 FY25 was a loss-making quarter with a net loss of Rs 50.40 lakhs versus a profit of Rs 121.48 lakhs in Q3 FY25. The company's business has shifted to a 'Real Estate' segment, indicating a major operational transformation. Cash flow from operations turned negative at Rs -653 lakhs against a positive Rs 4,429 lakhs last year.
Shareholders should note the dramatic decline in core operations and the shift to a real estate-focused business model. The negative operating cash flow and near-zero operating revenue raise concerns about the sustainability of the business, though the company remains profitable on paper due to non-operating income. Stock price could face pressure given the collapse in revenue and earnings.