Outcome Of Meeting Of The Board Held On May 30,2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited standalone and consolidated financial results for Q4 and FY25 (year ended March 31, 2025). Statutory auditor Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion on both sets of results. FY25 revenue from operations fell sharply to Rs. 277.7 crore from Rs. 339.3 crore in FY24 (~18% decline), driven mainly by a steep drop in shrimp feed sales (Rs. 130.6 cr vs Rs. 202.5 cr). The company reported a widened net loss of Rs. 18.1 crore (standalone) versus Rs. 10.4 crore loss in FY24, with EPS of Rs. (4.38). Q4 FY25 revenue grew modestly to Rs. 76.4 crore but the company still posted a Rs. 5.4 crore loss. Operating cash flow turned negative at Rs. (12.5) crore versus a positive Rs. 6.6 crore last year, and short-term borrowings nearly doubled to Rs. 43.8 crore. Additionally, Mr. R Sureshkumar (current CFO) was appointed Company Secretary in addition to his existing roles.
Shareholders should note a second consecutive year of losses with widening margins, declining top line, and cash burn from operations — negative signals for the stock. However, the clean audit opinion and absence of any auditor concerns on going concern provide some reassurance. Short-term investors may remain cautious until management's turnaround initiatives show traction.