The Board of Directors in their Board Meeting held on 1st June 2025, have inter alia considered and approved the audited financial results for the quarter and financial year ended on 31s March 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Umiya Tubes' board approved its audited results for the quarter and full year ended March 2025 on June 1, 2025. The company had zero revenue from operations in both Q3 and Q4 of FY25, with full-year revenue from operations coming in at Rs. 56.59 lakhs versus Rs. 53.31 lakhs in FY24. Other income surged to Rs. 154.66 lakhs (vs Rs. 1.10 lakhs), largely from investment-related activity. FY25 loss before tax narrowed sharply to Rs. -171.94 lakhs from Rs. -372.10 lakhs in FY24, helped by lower depreciation and finance costs. The auditor issued an unmodified opinion but flagged an Emphasis of Matter noting that the company did no production during the quarter; management has altered its object clause to diversify activities and believes going concern is not affected. Reserves turned negative at Rs. -65.74 lakhs, while the company raised Rs. 497.38 lakhs through share issuance during the year.
Investors should note the going-concern emphasis from the auditor and the company's pivot away from its core tubes business, evidenced by zero production in the second half of FY25 and negative reserves. While the annual loss narrowed significantly on lower costs and higher other income, the lack of operating revenue raises questions about future business direction and sustainability.