Audited financial results for quarter and year ended March 31 2025
Awaiting price reaction for this filing.
Sharp India Limited reported audited results for Q4 and FY ended March 31, 2025, with zero revenue from operations as the company has not produced LED TVs since April 2015 and air conditioners since June 2015. Other income stood at just Rs. 3.63 lakhs for the full year, while net loss widened to Rs. 1,928.71 lakhs from Rs. 1,785.32 lakhs in FY24, with Q4 loss at Rs. 457.13 lakhs. Accumulated losses have ballooned to Rs. 16,657.76 lakhs and net worth is deeply negative at Rs. (11,790.57) lakhs against current borrowings of Rs. 11,816.90 lakhs. Auditor G.D. Apte & Co. issued a qualified opinion for the sixteenth consecutive time, highlighting going concern risks. Operating cash flow was negative at Rs. 879.03 lakhs, with the company surviving solely on financial and operational support from parent Sharp Corporation Japan, whose support letter covers only until March 31, 2026. The shares resumed trading on BSE on February 5, 2025 under the XT category after a suspension since December 2023.
This is a non-operational, loss-making company entirely dependent on its Japanese parent for survival. Shareholders carry very high risk — there is no business activity, mounting losses, negative net worth, and no board-approved revival plan. The stock remains in the XT (suspended/caveat) category, and continued listing depends on parent support that has only been confirmed through March 2026.