Grand Foundry Limited — Results, 16-07-2025: Reply to Clarification- Financial results

Grand Foundry Ltd (GFSTEELS) has released its audited financial results for the quarter and year ended March 31, 2025. The company operates solely in the Bright Steel bars segment.

For the full year FY25, GFSTEELS reported revenue from operations of Rs 2.05 Crore, a significant increase compared to Rs 0.27 Crore in FY24. Despite this revenue growth, the net loss for FY25 widened to Rs 0.68 Crore, up from a net loss of Rs 0.56 Crore in the previous year. For the fourth quarter (Q4FY25), the net loss slightly narrowed to Rs 0.13 Crore, an improvement from Rs 0.15 Crore in Q4FY24. Earnings per share (EPS) for FY25 stood at (Rs 0.22), reflecting the increased losses.

The company's financial health remains a concern. Total assets were very low at Rs 0.0054 Crore as of March 31, 2025, a decrease from Rs 0.0286 Crore a year ago. Critically, the company reported negative equity, which deepened to (Rs 5.63 Crore) from (Rs 4.95 Crore) in FY24. Current liabilities, primarily driven by borrowings, increased to Rs 5.64 Crore. Operating cash outflow also worsened to (Rs 0.69 Crore) for FY25.

While auditors provided an unqualified report on the financials, a crucial update for investors is that trading in GFSTEELS shares is temporarily restricted/suspended on both NSE and BSE under Graded Surveillance Measures (GSM) Stage IV.