Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2025
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Awaiting price reaction for this filing.
Tulsyan NEC reported a sharp widening of losses for FY25, with standalone net loss rising to ₹7,269.61 lakhs from ₹5,017.05 lakhs a year ago, while consolidated net loss stood at ₹7,255.89 lakhs. Standalone revenue from operations fell about 17% YoY to ₹79,742.68 lakhs (₹95,599.52 lakhs in FY24), and consolidated revenue declined to ₹86,832.22 lakhs. Q4 standalone revenue dropped to ₹19,569.09 lakhs with a net loss of ₹4,143.43 lakhs, roughly double the year-ago quarter's loss. The statutory auditor (CNGSN & Associates LLP) issued a qualified opinion on both standalone and consolidated results, flagging that about 65% of trade receivables (₹9,475 lakhs) outstanding over 180 days could not be directly confirmed. An Emphasis of Matter was also raised, noting the company took an agreed moratorium on Non-Convertible Debenture payments from December 2024 to March 2025, sold one windmill, and kept its power plant shut for roughly 8 months during the year.
Negative for shareholders — deepening losses, falling revenue, a qualified audit opinion, and a four-month NCD repayment moratorium together signal financial stress and weaken confidence in near-term recovery, likely putting pressure on the stock.