outcome of board meeting approval of financial result as on 31.03.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.7 pts less than Nifty Microcap 250 and 5.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved audited FY25 results showing total income of Rs 2,342.43 lakhs (up from Rs 39.69 lakhs last year, driven mainly by a new yarn jobwork segment contributing Rs 2,535.01 lakhs). The company slipped to a consolidated net loss of Rs 219.23 lakhs versus a profit of Rs 81.49 lakhs in FY24, with the new ethanol segment posting an EBIT loss of Rs 337.94 lakhs. Capital work-in-progress ballooned to Rs 20,847.89 lakhs (from Rs 2,545.71 lakhs) and non-current borrowings surged to Rs 15,237.92 lakhs (from Rs 6.24 lakhs), funded partly by Rs 1,975 lakhs in fresh equity and Rs 962.77 lakhs from warrants. Operating cash flow turned sharply negative at Rs (3,113.52) lakhs against Rs 263.33 lakhs last year, while the statutory auditor issued an unmodified opinion.
Shareholders should note the company is in a heavy investment phase with rising debt, negative operating cash flow, and losses in its new ethanol segment. Equity dilution from the Rs 70/share allotment and large ongoing capex could pressure the stock in the near term until the ethanol business starts contributing meaningfully.