Alps Industries Limited — Results, 26-06-2025: Integrated Filing- Financial

Alps Industries Limited has announced a board meeting on June 27, 2025 to consider and approve the financial results for the quarter and half-year ended March 31, 2025.

**Revenue Performance:**

Total consolidated revenue stood at Rs. 0.86 Cr (Rs. 86.04 lakh), down from Rs. 5.67 Cr YoY, with no income from operations recorded in the current year. Revenue primarily comprised other income (~Rs. 0.66 Cr). The company operates in a single textile segment.

**Profitability and EPS:**

The consolidated net loss widened to Rs. 63.89 Cr from Rs. 56.25 Cr the previous year. Earnings per share remained negative at Rs. -16.33 (down from -14.38), reflecting continued significant losses. Margins remain deeply negative due to ongoing expenses and financial costs.

**Operational Costs:**

Total consolidated expenses were Rs. 64.55 Cr vs. Rs. 61.92 Cr last year. Finance costs rose to Rs. 63.37 Cr from Rs. 58.92 Cr, continuing to burden profitability. Employee expenses and other costs remained stable with slight moderation.

**Key Metrics:**

There was no material revenue from operations; losses before tax stood at Rs. 63.88 Cr. No exceptional items were reported. Negative EBITDA and continuing losses highlight operational stress.

**Balance Sheet / Cash Flow Health:**

The consolidated balance sheet shows a heavily leveraged position with total borrowings of Rs. 904.74 Cr (non-current plus current liabilities), increasing from Rs. 834.59 Cr YoY. Net worth remains negative at Rs. -893.67 Cr, reflecting accumulated losses and impact of restructuring. Cash and cash equivalents improved slightly to Rs. 1.92 Cr. Operating cash flow was positive at around Rs. 64.18 Cr, primarily driven by working capital changes, but finance cost outflows remain very high.

**Management Commentary / Strategic Outlook:**

The company continues under Corporate Insolvency Resolution Process (CIRP) with efforts on debt restructuring and resolution plans ongoing. Management maintains a going concern status, contingent on resolution plan approvals. Uncertainties remain regarding eventual outcomes and financial obligations.

**Final Takeaway:**

Alps Industries faces severe financial distress with ongoing large losses, negative net worth, and high debt burden. While cash flows from operations reflect some working capital management, persistently high finance costs and negligible revenues impair recovery prospects currently. Retail investors should approach with caution, monitoring developments on the CIRP and resolution plans closely before considering exposure.