Please find enclosed herewith Audited financial results of the Company for the year ended 31.03.2025.
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Euro Leder Fashion Limited reported a sharp drop in revenue for FY25, with net sales falling to Rs. 1,840.48 lakhs from Rs. 3,328.44 lakhs in FY24, a decline of roughly 45%. Total income fell to Rs. 2,024.73 lakhs from Rs. 3,552.25 lakhs. Profit before tax dropped to Rs. 21.47 lakhs (from Rs. 50.10 lakhs), and net profit after tax came in at Rs. 19.44 lakhs versus Rs. 30.69 lakhs last year. Basic EPS stood at Rs. 0.50 (vs Rs. 0.78). On the balance sheet, total assets shrunk to Rs. 4,032.97 lakhs from Rs. 4,759.30 lakhs, trade receivables nearly halved to Rs. 344.45 lakhs, and current borrowings fell to Rs. 1,344.78 lakhs from Rs. 1,932.46 lakhs. Operating cash flow remained positive at Rs. 444.69 lakhs. The auditor issued an unmodified (clean) opinion, and the company also disclosed related party transactions including remuneration and rent paid to directors/promoters. Additionally, Whole Time Director Mr. Lakshmanan Ramanathan resigned effective 28th May 2025.
Shareholders should note the steep ~45% revenue contraction year-on-year, although the company remained marginally profitable and reduced its debt. The director resignation is a minor governance change but worth monitoring. Overall, the weak top-line performance is a red flag even as bottom-line profitability is preserved.