Audited Financial Results (Standalone & Consolidated ) for the quarter and year ended 31.03.2025
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Sambandam Spinning Mills Ltd announced audited standalone and consolidated financial results for Q4 and FY25 (ended March 31, 2025), approved at the board meeting held on May 24, 2025. Statutory auditors M/s P.N. Raghavendra Rao & Co issued an unmodified (clean) opinion on the results. The company reported a standalone loss before tax of Rs. 1,017.05 lakhs for FY25, slightly improved from a Rs. 1,121.43 lakhs loss in FY24. Total assets declined to Rs. 25,301.18 lakhs from Rs. 26,824.58 lakhs, while total borrowings stood at around Rs. 11,900 lakhs against equity of Rs. 8,579 lakhs. Operating cash flow remained positive at Rs. 1,679.35 lakhs despite the accounting loss, and the company continued repaying borrowings. The board also appointed M/s K.S.G. Subramanyam & Co as Internal Auditor and Dr. C. Dhanapal as Cost Auditor for FY 2025-26. Related party transactions with promoter group entities, Sambandam Siva Textiles, and Sambandam Fabrics were disclosed.
Despite ongoing accounting losses and elevated debt levels (debt/equity around 1.4x), the unmodified auditor opinion, positive operating cash flow, and continued debt repayment offer some comfort. However, sustained losses and high finance costs of Rs. 1,142 lakhs continue to pressure profitability and shareholder returns.