The Board of Directors of the Company at its meeting held today ie. Friday, 30 May, 2025 have inter alia, considered and approved the following matters: 1) The Standalone Audited Financial ....
Awaiting price reaction for this filing.
Virgo Polymers' Board approved standalone audited financial results for Q4 and FY ended March 31, 2025, with statutory auditors Venkat & Rangaa LLP issuing an unmodified (clean) opinion. Revenue from operations surged ~39% YoY to Rs 18,182.7 lakhs (vs Rs 13,053.5 lakhs in FY24), while net profit rose modestly ~8% to Rs 231.9 lakhs (vs Rs 214.9 lakhs). Q4 FY25 also showed a strong turnaround with PAT of Rs 153.7 lakhs vs a loss of Rs 26.7 lakhs in Q4 FY24. The Board appointed M/s. Mardia & Associates as Internal Auditors for FY25-26 and Mrs. N. Srividhya as Secretarial Auditor for a five-year term (subject to shareholder approval). However, the company reported a deeply negative operating cash flow of Rs (1,905.76) lakhs for FY25, and long-term borrowings nearly tripled to Rs 3,918.02 lakhs from Rs 1,336.35 lakhs a year earlier, pointing to higher debt and working capital strain despite topline growth.
Positive on revenue momentum and clean audit, but the sharp jump in debt and negative operating cash flow signal funding pressure that investors should monitor closely. The new auditor appointments are routine and neutral for shareholders.