Audited Financial Results (Standalone & Consolidated) for the quarter and year ended 31.03.2025
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Awaiting price reaction for this filing.
Sambandam Spinning Mills has filed its audited financial results for Q4 and FY25 with an unmodified (clean) audit opinion from P.N. Raghavendra Rao & Co. The company reported a loss before tax of Rs. 1,017.05 lakhs for FY25, slightly better than the Rs. 1,121.43 lakhs loss in FY24, but still indicating a second consecutive year of losses. Total assets declined from Rs. 26,824.58 lakhs to Rs. 25,301.18 lakhs, and other equity fell from Rs. 8,701.76 lakhs to Rs. 8,151.52 lakhs, showing continued erosion of shareholder value. Operating cash flow remained positive at Rs. 1,679.35 lakhs, though lower than Rs. 2,555.13 lakhs in FY24. 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.
Persistent losses and shrinking equity remain a concern for shareholders, though the narrowing loss and positive operating cash flow provide some cushion. The clean audit opinion avoids immediate credibility concerns, but the stock may continue to face pressure given the multi-year profitability issues.