Annual Report for the FY 2024-25.
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Awaiting price reaction for this filing.
Sai Swami Metals and Alloys Limited, a BSE-listed trader and marketer of stainless-steel kitchenware, filed its 3rd Annual Report for FY 2024-25. On a standalone basis, total revenue stood at Rs. 3,769.80 lakhs with profit after tax of Rs. 220.43 lakhs. Consolidated revenue jumped to Rs. 6,516.57 lakhs from Rs. 4,073.08 lakhs (about 60% growth), and consolidated PAT rose to Rs. 371.43 lakhs from Rs. 216.34 lakhs (about 72% growth). The company operates through 6 distributors and over 150 sub-dealers/retailers. The AGM notice seeks shareholder approval for adopting financials, re-appointing the Managing Director, appointing M/s. Patel Jain and Associates as statutory auditors for five years, appointing three new independent directors, and changing the company's name to Dolphin Kitchen Utensils and Appliances Limited to better reflect its kitchenware business.
The filing shows strong year-on-year growth in both revenue and profit on a consolidated basis, which is a positive signal for shareholders. The proposed rebranding to 'Dolphin Kitchen Utensils and Appliances Limited' aligns the corporate identity with the company's actual kitchenware product portfolio rather than its earlier metals trading image.