Pursuant to regulation 33 (3) (d) of SEBI (Listing Obligations and disclosures Requirements Regulation) 2015, it is hereby declare that the Auditors report in respect of Audited Financials ....
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Saffron Industries reported audited FY25 results with revenue from operations falling sharply to ₹338.74 lakhs from ₹1,623.66 lakhs in FY24, a decline of about 79%. The company swung to a profit after tax of ₹291.32 lakhs compared to a loss of ₹189.16 lakhs last year, but this was entirely driven by an exceptional item of ₹484.64 lakhs booked in the Real Estate segment. The underlying Paper Manufacturing business remained loss-making at ₹108.75 lakhs for the quarter and contributed a full-year loss. The balance sheet continues to show deeply negative net worth of ₹(976.73) lakhs, though borrowings came down from ₹1,698.08 lakhs to ₹1,184.34 lakhs. The auditor issued an unmodified (clean) opinion on the results.
The headline profit masks serious weakness — revenue collapsed, the core paper business is still loss-making, and shareholder equity is negative. Investors should view the FY25 profit as non-recurring and driven by a one-time real estate gain; underlying operating performance has deteriorated significantly.