approved standalone financial results for the quarter and year ended 31st March, 2025
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Equilateral Enterprises Ltd (formerly Surya Industrial Corporation) reported standalone audited results for FY25 with total income rising to Rs. 1,640.01 lakhs from Rs. 1,266.23 lakhs a year ago, a growth of about 30%. Net profit after tax jumped to Rs. 18.22 lakhs (FY24: Rs. 2.32 lakhs), with EPS improving to Rs. 0.15 from Rs. 0.02. However, the Q4 FY25 quarter saw revenue decline to Rs. 612.39 lakhs versus Rs. 931.58 lakhs in Q4 FY24, and net profit was a modest Rs. 8.35 lakhs. The company's reserves remain in the negative at Rs. (126.76) lakhs, though slightly improved from Rs. (144.98) lakhs. Statutory auditor SSRV & Associates issued an unmodified opinion, and related party transactions were disclosed including CFO salary of Rs. 1.57 lakh and rent paid to Executive Director of Rs. 1.20 lakh.
While the full-year numbers show strong percentage growth, it is from a very small base, and the negative reserves signal past accumulated losses. Q4 weakness and the company's small size mean the results are unlikely to materially move the stock, though the improving trend is a mild positive.