Patspin India Ltd — Results, 30-05-2025: Result

Patspin India Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported total income of Rs 11.56 Cr and a net loss of Rs 2.49 Cr for the quarter, with a net loss of Rs 9.79 Cr for the year. Cash losses stood at Rs 1.74 Cr (quarter) and Rs 6.83 Cr (year). The company continues to face liquidity stress, conducting mainly job work, but expects improvement due to better market demand and plans to resume own cotton yarn manufacturing at its Palakkad plant. A debt restructuring plan with lenders is underway, including moratoriums and reduced interest rates, supported by a viability study. An unsecured promoter loan of Rs 14.58 Cr was reclassified as interest-free advance. Deferred tax assets of Rs 38.69 Cr are retained, reflecting management’s confidence in future taxable profits. Mis Vanna & Varma, Chartered Accountants, have been appointed as internal auditors for FY 2025-26. The statutory auditor issued an unmodified opinion but highlighted material uncertainty on going concern due to net worth erosion and sub-standard lender classifications. The company is focused on financial stability through operational and financial restructuring.