Automobile Products of India Ltd — Board Meeting, 28-05-2025: Board Meeting

Automobile Products of India Limited has announced a board meeting approving the audited financial results for the quarter and year ended March 31, 2025. The company reported total income of Rs 17.00 lakhs for the year with a net loss after tax of Rs 189.95 lakhs, widening from the previous year's loss of Rs 123.63 lakhs. Total comprehensive loss stood at Rs 190.69 lakhs. Earnings per share were at a loss of Rs 3.94. The company continues to operate under a going concern assumption supported by the holding company's financial backing despite complete erosion of net worth. Borrowings increased to Rs 15.04 Cr from Rs 12.68 Cr, with incremental borrowings of Rs 2.36 Cr during the year. Auditor’s report was unqualified.