- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Libas Consumer Products has announced a board meeting outcome approving the audited consolidated financial results for the quarter and year ended March 31, 2025. Consolidated revenue grew to ₹92.19 Cr from ₹81.34 Cr last year, but net profit dropped to ₹2.64 Cr from ₹5.21 Cr, reflecting margin pressures. The garment segment remained almost breakeven, while the rock salt business stayed strong. Key concerns include an inventory overstatement of ~₹11.87 Cr due to obsolete stock, doubtful loans and receivables totaling ~₹4.97 Cr, and pending tax liabilities. A retail store fire led to insured losses of ~₹2.5 Cr. Working capital showed improvement. No dividend was announced.