Financial result March 2025
Awaiting price reaction for this filing.
Sagar Diamonds Limited, a BSE-listed SME company dealing in rough/polished diamonds and jewellery, reported zero revenue from operations for FY25, with total income of ₹71.98 lakh coming entirely from interest on bank deposits (down from ₹107.55 lakh in FY24). The company posted a net loss of ₹177.77 lakh, a sharp improvement from the ₹7,635.74 lakh loss in FY24, which had included a one-time charge of ₹7,120.23 lakh for balances written off on its halted business. Total expenses fell to ₹243.13 lakh from ₹7,574.79 lakh, mainly on lower employee costs (₹68.84 lakh vs ₹184.40 lakh). Cash and bank balances stood at ₹1,874.76 lakh, while trade payables jumped sharply to ₹400.16 lakh from ₹102.32 lakh. The statutory auditor issued an unmodified opinion but flagged an Emphasis of Matter on Notes 26 & 27, noting business operations were halted due to regulatory restrictions. The auditor confirmed no material uncertainty exists over the company's ability to meet liabilities for the next 12 months.
The company continues to earn only interest income on its cash pile with no core business activity, signalling prolonged operational trouble. While the headline loss narrowed dramatically on the absence of last year's one-time write-off, weak fundamentals, rising trade payables, and the auditor's note on regulator-imposed business halt remain key concerns for shareholders.