India Radiators Ltd — Board Meeting, 23-05-2025: Board Meeting

India Radiators Limited has announced a board meeting outcome approving the audited financial results for the quarter and half-year. The company reported a loss before tax of Rs. 104.89 lakhs for the financial year, widening from Rs. 79.39 lakhs in the previous year, with net loss after tax at Rs. 84.92 lakhs. Total income remained steady at Rs. 6.57 Cr, and total expenses significantly increased to Rs. 11.45 Cr. Cash flow from operations turned slightly negative at Rs. 0.83 lakhs. The company continues to operate with a negative net worth of Rs. 37.03 lakhs. The statutory auditor has issued an unmodified opinion, reflecting no reservations on the financial statements. This signals ongoing operational challenges and the need for turnaround strategies.