PLEASE FIND ATTACH FINANCIAL RESULT AS ON 31-MAR-2025
TNTELE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tamilnadu Telecommunications Limited, a joint venture between TCIL and TIDCO, reported a net loss of Rs. 15.48 crores for FY25, slightly wider than the Rs. 14.62 crores loss in FY24. Revenue from operations was negligible at around Rs. 69.5 lakhs, and the company has not operated its factory since 2017 with no new orders. The company's net worth is deeply negative at Rs. 179.33 crores, with accumulated losses of Rs. 235.79 crores having fully eroded its equity. The statutory auditor issued an Adverse Opinion, stating that the going concern assumption used by management is inappropriate given the factory closure, no order book, and inability to source raw materials.
This is a very negative filing for shareholders. The auditor's adverse opinion and explicit rejection of the going concern basis cast serious doubt on the company's ability to continue operations. With a deeply negative net worth, no operating factory, no revenue base, and contingent liabilities pending in court, the stock carries extreme risk and continued trading on exchanges may itself be in question given SEBI listing norms.