Aarvee Denims & Exports Limited has informed the Exchange regarding 'Machine readable results March 31,2025'.
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Aarvee Denims filed audited Q4 and FY25 results with an unmodified auditor opinion. FY25 total revenue fell sharply to Rs. 182.35 crores from Rs. 513.31 crores in FY24, a drop of about 64%, mainly because the company had no finished goods production and relied on job-work sales. Despite the revenue crash, the company swung to a FY25 profit of Rs. 18.54 crores, compared with a Rs. 14.20 crore loss last year, largely on a one-time gain of about Rs. 124.90 crores from selling plant and machinery and writing off old inventory and assets. Total borrowings were cut from Rs. 277.66 crores to Rs. 94.26 crores, and total assets shrank to Rs. 204.41 crores from Rs. 438.49 crores as units were sold. The auditor flagged four emphasis-of-matter points, including continued MAT credit recognition, inventory valuation, going concern, and the pending change in management.
Shareholders should note that the headline profit turnaround is driven by one-time asset disposal gains rather than core business recovery, as denim operations remain under severe demand compression. A change of control is imminent through a Share Purchase Agreement that will hand 60.81% to new promoters (Jaimin Gupta and others) for Rs. 35.82 crores, and the going concern assumption depends on this transition and the asset-monetization plan.