BLS Polymers (BLSPOLY) Q4 23/24 earnings summary

Executive summary

• FY24 financial statements received an unmodified audit opinion and were judged to present a true and fair view of the financial position, results and cash flows.

• Internal financial controls were found adequate and operating effectively at March 31, 2024.

Financial highlights

• Revenue from operations was ₹29,635.83 lakh vs ₹31,461.61 lakh in FY23; total income was ₹30,148.49 lakh vs ₹31,675.91 lakh.

• PBT was ₹945.69 lakh vs ₹878.42 lakh; net profit was ₹728.56 lakh vs ₹627.88 lakh; EPS was ₹7.59 vs ₹6.54.

• Net cash from operating activities was ₹418.35 lakh vs outflow of ₹893.43 lakh in FY23; closing cash and cash equivalents were ₹1.99 lakh vs ₹32.82 lakh.

Outlook and guidance

• Management prepared accounts on a going-concern basis, citing shareholders’ unconditional, irrevocable support through equity investment and unsecured loans as required.

• Auditors identified no material uncertainty at the report date indicating inability to meet liabilities falling due within one year, while noting this is not assurance of future viability.