Audited Financial Results (Standalone & Consolidated) for the quarter and year ended 31.03.2025
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Sambandam Spinning Mills has submitted its audited standalone and consolidated results for the quarter and year ended 31 March 2025, approved by the Board on 24 May 2025. The statutory auditor M/s P.N. Raghavendra Rao & Co issued an unmodified (clean) opinion on both sets of results. On a standalone basis, the company reported a loss before tax of Rs 1,017.05 lakhs for FY25, slightly narrower than the Rs 1,121.43 lakh loss in FY24, indicating a second straight year of losses. Total equity declined to Rs 8,579.07 lakhs (from Rs 9,129.31 lakhs), while cash and cash equivalents fell sharply to just Rs 4.65 lakhs (from Rs 8.62 lakhs). Total borrowings stood at around Rs 11,900 lakhs against equity of ~Rs 8,579 lakhs, keeping leverage above 1x. The company also disclosed related party transactions of about Rs 312.22 lakhs for H2 FY25 and appointed internal and cost auditors for FY26.
Persistent losses, erosion of net worth, and a debt-to-equity ratio above 1 are negatives for shareholders, though operating cash flow remained positive at Rs 1,679 lakhs and finance costs eased. The clean auditor opinion and ongoing operations limit immediate downside, but weak profitability and thin cash buffers remain concerns for the stock.