Venlon Enterprises Ltd
Venlon Enterprises Reports Wider Loss in Q1 2025 📉
- Net loss widened to ₹99.34 lakhs in Q1 2025 vs. ₹59.76 lakhs loss in Q1 2024.
- Revenue fell to ₹161.39 lakhs from ₹237.52 lakhs year-over-year.
- Net worth fully eroded; current liabilities exceed assets as of June 30, 2025.
- Financials prepared on a going concern basis with shareholder support and debt restructuring talks.
- Significant shareholder loan reclassified as Other Equity due to non-recourse terms.
- Auditor raised concerns about company's ability to continue as a going concern.
- Discontinued operations in Film, Formaldehyde, Para-formaldehyde, and wind-mill segments.
- EPS for the quarter: -₹0.19 (basic and diluted).