India Radiators Ltd — Updates, 23-05-2025: Company Update

India Radiators Limited has announced a board meeting outcome approving the audited financial results for the quarter and half-year. The company reported a net loss of ₹84.92 lakh for the year, widening from ₹55.76 lakh the previous year, on a total income of ₹6.57 Cr, flat year-on-year. Operating expenses increased significantly, leading to an operating loss before tax of ₹1.05 Cr. Despite continued losses, the company maintains total assets around ₹18.28 Cr with a small cash balance. The statutory auditor issued an unmodified opinion, affirming the accuracy and fairness of these results. This reflects ongoing operational challenges, important for investors monitoring turnaround prospects.