Waterbase reports deeper losses amid challenging market, higher debt

Waterbase Limited experienced a challenging financial year, reporting a net loss of INR (1,815.32) lakhs for the standalone entity and INR (1,816.14) lakhs on a consolidated basis for FY 2024-25, compared to losses of INR (1,043.61) lakhs and INR (1,045.16) lakhs respectively in the prior year. Total standalone income decreased to INR 28,293.01 lakhs from INR 34,233.52 lakhs in FY 2023-24, primarily due to a reduction in revenue from operations.

The company's debt-equity ratio increased significantly to 0.28 from 0.15, while the current ratio decreased to 1.60 from 2.33, indicating increased borrowings and a decline in liquidity. Net profit margin further deteriorated to -6.74% from -3.15%. Cash and cash equivalents decreased to INR 44.82 lakhs (standalone) and INR 48.58 lakhs (consolidated) from INR 34.71 lakhs and INR 39.10 lakhs respectively in the previous year.

The company plans to hold its 38th annual general meeting on September 25, 2025, to discuss the financial results and re-appoint Mr. Varun Aditya Thapar as a director.