IEC Education Ltd

IEC Education FY25 Results: Zero Revenue, ₹25.48L Loss 📉

• No revenue from operations for FY 2024-25, continuing no business activity trend

• Net loss of ₹25.48 Lakhs for FY 2024-25 (vs. ₹62.35 Lakhs loss previous year)

• Auditors issued qualified opinion citing going concern concerns due to absence of business activities

• Unsubstantiated investments in subsidiaries: ₹42.58 Lakhs

• Long outstanding trade receivables: ₹590.90 Lakhs

• Other financial assets: ₹2434.51 Lakhs

• Borrowings outstanding: ₹168.19 Lakhs without proper details

• Deferred tax assets of ₹60.18 Lakhs despite cash losses and no business activity

• Trade payables: ₹6.69 Lakhs long outstanding

• Share application money pending allotment: ₹4.60 Lakhs with no interest/penalty provision

• Total assets: ₹3,224.75 Lakhs; Total liabilities: ₹207.09 Lakhs

• Cash and cash equivalents decreased to ₹0.74 Lakhs from ₹2.40 Lakhs

• Consolidated results include subsidiaries showing similar financial challenges