Facor Alloys Ltd

Facor Alloys Reports Q3 FY2025 Results 📊

• Q3 standalone net loss: ₹436.81 lakhs; nine-month loss: ₹1,269.41 lakhs

• Plant operations shut down since October 31, 2023

• Zero revenue generated during Q3 and year-to-date period

• Management plans to divest plant and machinery with shareholder approval

• Advance of ₹24.97 crore received from purchaser

• Auditors raised concerns about company's ability to continue as going concern

• Employee expenses include VRS payments and new labor code provisions

• Q3 standalone EPS: negative ₹0.22; nine-month EPS: negative ₹0.65