Financial Results for the quarter and year ended 31st 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.
Williamson Financial Services Ltd reported audited results for FY25 with a net loss of Rs. 44.47 lakh (Rs. 44,474 thousand), compared to a loss of Rs. 47.18 lakh in FY24. Total income collapsed sharply from Rs. 61.36 lakh to Rs. 9.34 lakh year-on-year. The company's net worth is fully eroded (negative Rs. 36.21 crore) as on 31 March 2025. The statutory auditor (V. Singhi & Associates) issued a qualified opinion flagging a material uncertainty on going concern due to loan repayment defaults, non-recognition of interest expense of Rs. 3.74 crore on inter-corporate borrowings, and inadequate provisioning on doubtful loans of Rs. 14.77 crore (against which only Rs. 5.36 crore has been provided). The company also appointed a new Company Secretary and an Additional Director during the board meeting.
This is a deeply negative filing — the company is loss-making, its net worth is fully wiped out, and the auditor has flagged going concern doubts. Shareholders face significant risk as the company depends on a debt-restructuring plan to survive. Expect negative stock sentiment and heightened scrutiny from lenders and exchanges.