Outcome of Board Meeting held on 28th April 2025 and submission of Audited Financial Results for the Quarter and Financial Year ended 31st March 2025
Awaiting price reaction for this filing.
Sanghi Industries (part of Adani Group) reported audited FY25 results with revenue from operations of Rs 968.70 crore, up about 17% from Rs 828.00 crore last year. However, the company posted a net loss of Rs 498.37 crore for FY25, slightly worse than Rs 448.79 crore loss in FY24, leading to a loss per share of Rs (19.29). The auditor SRBC issued an unmodified (clean) opinion. Losses were aggravated by an exceptional charge of Rs 121.20 crore mainly for provisions toward a long-pending electricity duty dispute, and a change in depreciation method that raised depreciation by Rs 58.19 crore. The Board approved appointment of SRBC and Parikh Dave & Associates as auditors for the next five years, set the AGM for June 26, 2025, and noted a change of Company Secretary effective June 1, 2025.
For shareholders, this is a mixed picture — top-line growth continues but profitability remains deeply negative with widening losses, rising borrowings (up to Rs 2,485 crore from Rs 2,081 crore) and a large contingent liability of Rs 174.15 crore tied to the electricity duty case. The pending merger scheme with Ambuja Cements (swap ratio of 12 Ambuja shares per 100 Sanghi shares) remains the key event to watch for value crystallization.