Konark Synthetic Ltd — Results, 30-05-2025: Result

Konark Synthetic Limited has announced a board meeting approving the financial results for the quarter and half-year. The company reported a consolidated loss of Rs. 341.45 lakh and standalone loss of Rs. 308.28 lakh for the year, primarily impacted by an exceptional loss of Rs. 203.51 lakh related to the transfer of an associate. Revenue from operations increased to Rs. 46.74 Cr (consolidated). The subsidiary India Denim Limited is under Corporate Insolvency Resolution Process, with full provision made for its investment. Trade receivables remain high, with certain long-outstanding amounts lacking sufficient evidence of recovery. The auditors have issued an unmodified opinion on these results.