The Board of Directors in their Board Meeting held today, 1st June 2025 have considered and approved Audited Financial Results for the quarter and financial year ended on 31st March 2025
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Umiya Tubes Limited reported audited results for Q4 and FY25 with an unmodified opinion from statutory auditor P Singhvi & Associates. The company had zero revenue from operations in Q4 FY25 (down from Rs 8.43 lakh in Q4 FY24) and, as flagged by the auditor, did no production during the quarter. Full-year revenue from operations was Rs 56.59 lakh vs Rs 53.31 lakh last year, but total income of Rs 211.25 lakh was almost entirely from 'Other Income' (Rs 154.66 lakh) rather than core business. The company posted a Q4 net profit of Rs 47.19 lakh (boosted by other income), but an FY25 net loss of Rs 171.94 lakh — though narrower than the Rs 339.65 lakh loss in FY24. The auditor included an Emphasis of Matter on the lack of production; management stated going concern is unaffected as it diversified its object clause. PPE was sold off (from Rs 314.99 lakh to nil), and the company raised Rs 497.38 lakh via fresh equity issue.
The company has effectively shut down its core tube-manufacturing operations and is now dependent on non-operating income to deliver quarterly profits. Combined with the auditor's going-concern emphasis, negative other equity (Rs -65.74 lakh), and absence of operating revenue, this raises serious concerns about long-term business viability. Shareholders should watch for clarity on the new business direction under the diversified object clause.