We would like to inform that the Board of Directors of Sumuka Agro Industries Ltd on the Board Meeting held on May 30, 2025 have approved the audited financial results of the Company for ....
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Sumuka Agro Industries reported FY25 total income from operations of Rs. 6,229.67 lakhs, up about 13.4% from Rs. 5,496.03 lakhs in FY24, driven mainly by stock-in-trade purchases. However, profit after tax fell sharply to Rs. 273.89 lakhs from Rs. 425.77 lakhs, a drop of around 36%, after deducting exceptional items of Rs. 10.78 lakhs (write-offs and merger application costs). The auditor, S K Jha & Co., issued an unmodified opinion but flagged several concerns: Rs. 55.55 lakhs in loans to companies struck off by the RoC, Rs. 3.45 lakhs in investments with no ownership proof, and unpaid interest to MSME suppliers. Operating cash flow was deeply negative at Rs. -408.88 lakhs (vs Rs. -231.99 lakhs last year), and trade receivables ballooned 41% to Rs. 3,010 lakhs while short-term borrowings jumped from Rs. 1.69 lakhs to Rs. 401 lakhs.
Despite higher revenue, sharply lower profits, negative operating cash flow for a second year, and surging receivables and borrowings raise red flags on working capital health. The auditor's emphasis-of-matter on dubious loans and undocumented investments adds caution for shareholders.