S&S Power Switchgears Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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The Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. On a standalone basis, revenue was Rs. 101.42 lakhs and the company reported a net loss of Rs. 170.20 lakhs, with employee costs spiking to Rs. 131.47 lakhs (vs Rs. 37.50 lakhs YoY), largely due to Rs. 82 lakhs of non-cash ESOP amortisation. On a consolidated basis, revenue jumped about 64% year-on-year to Rs. 5,935.52 lakhs (from Rs. 3,617.01 lakhs), and the group swung to a net profit of Rs. 176.87 lakhs versus a loss of Rs. 218.50 lakhs in Q1 FY25, with both India and UK segments turning profitable. The Board also appointed BP & Associates as Secretarial Auditors for five years (FY26–FY30) and Durv & Associates LLP as Internal Auditors for FY26, while noting the end of independent director Mr. Ajay Kumar Dhagat's tenure on August 13, 2025.
Group-level performance has sharply improved thanks to subsidiaries, but the parent standalone business remains loss-making — investors should track whether the standalone business can break even. The auditor change is routine and unlikely to affect shareholders.