Vijay Textiles Ltd — Results, 02-05-2025: Result

Vijay Textiles Limited has announced a board meeting on 2nd May 2025 where it approved the financial results for the quarter and half-year. The company reported a net loss of Rs. 8.60 Cr for the half year, with revenue from operations at Rs. 4.49 Cr. Trade receivables stand high at Rs. 152.38 Cr, largely overdue beyond three years, reflecting collection challenges. Bank loan accounts with SBI and Axis Bank are non-performing, with prior compromise agreements revoked after non-payment. The company’s factory unit has been taken possession of under SARFAESI Act enforcement. Outstanding vendor payables exceed Rs. 25 Cr, with significant overdue amounts. These factors raise substantial doubts about the company’s ability to continue as a going concern, though it is pursuing legal remedies.