Jauss Polymers Ltd — Results, 14-08-2025: Result
14-08-2025 | 02:07 pm
14-08-2025 | 02:07 pm
Jauss Polymers' Board has approved its Q1 financial results. The company reported a profit of ₹0.32 Cr, primarily due to an "Other Income" of ₹0.39 Cr from the sale of its investment in Innovative Containers Pvt Ltd for ₹3.94 Cr. This was against an initial investment of ₹3.55 Cr. Despite this profit, the company's core operations generated NIL revenue. The auditor has issued an Adverse Conclusion, stating the financial statements do not give a true and fair view. They cite nil turnover, past losses, prior sale of plant and machinery, and the recent subsidiary sale, raising serious doubts about the company's ability to continue as a going concern.
No comments yet. Be the first to comment!
