Tulsi Extrusions Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
Awaiting price reaction for this filing.
Tulsi Extrusions Limited has submitted its audited standalone financial results for Q4 and FY ended March 31, 2025, about two months late (due August 7 instead of May 30). The company explained the delay is because it only emerged from a long Corporate Insolvency Resolution Process (Dec 2018–Dec 2021) and is still waiting on NCLT orders to list fresh shares. Full-year revenue fell sharply to ₹3,780.86 lakhs from ₹5,518.50 lakhs last year (a ~31% decline). The company reported a wider net loss of ₹780.84 lakhs versus ₹345.74 lakhs in FY24, though Q4 alone swung to a profit of ₹249.75 lakhs from ₹20.67 lakhs. Borrowings ballooned to ₹2,889 lakhs from just ₹26 lakhs a year ago, while operating cash outflow remained heavy at ₹2,979 lakhs. The auditor gave an unmodified (clean) opinion but flagged an Emphasis of Matter about a ₹3.11 crore prior-period depreciation error from FY24 that was corrected through retained earnings rather than by restating comparatives.
For shareholders: revenue continues to shrink, losses are widening, and the balance sheet is now heavily dependent on new borrowings — not ideal signals. However, the auditor's opinion is clean, the company has moved out of liquidation into 'Active' status, and a pending NCLT order could eventually allow fresh shares to be listed, which may revive trading interest. Near-term stock reaction is likely cautious given weak numbers and continued insolvency-era uncertainties.