Financial Result for the period ended on 31.03.2025
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Sancode Technologies (BSE SME, Scrip 543897) announced audited FY25 results with an unmodified (clean) auditor opinion from R T Jain & Co LLP. On a standalone basis, revenue from operations fell sharply by about 52% to ₹29.76 lakhs, and the company slipped into a net loss of ₹7.29 lakhs versus a small profit of ₹6.31 lakhs in FY24; standalone EPS turned negative at ₹(0.18). On a consolidated basis, however, revenue surged to ₹1,381.01 lakhs (up roughly 190% from ₹475.78 lakhs), and the group swung to a net profit of ₹84.78 lakhs from a loss of ₹175.18 lakhs, helped by a one-time gain on step acquisition of Sanfin Technologies and de-recognition of Dhruva Advisors Inc. The board also appointed a new Internal Auditor (Ms. Sanjana Shah) and a new Secretarial Auditor (Dilip Swarnkar & Associates) for FY26 onwards. Despite the consolidated profit, operating cash flows remained deeply negative: ₹(103.37) lakhs standalone and ₹(251.23) lakhs consolidated.
The strong consolidated turnaround is largely driven by subsidiaries (Sanfin and others) and acquisition-related accounting gains rather than core standalone operations, which continue to shrink and bleed cash. Shareholders should weigh the improving group-level picture against the weak standalone base and persistent negative operating cash flow before drawing conclusions about underlying business health.