We wish to inform you that the meeting of the Board of Directors of the Company was held on today i.e. 27th May 2025. Please find enclosed the outcome of the board meeting.
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The Board of Sanghvi Brands Ltd, on 27th May 2025, approved the audited standalone and consolidated financial results for the half-year and year ended 31 March 2025. Statutory auditor B K Khare & Co. issued an unmodified opinion. On a standalone basis, revenue from operations fell to Rs 3.89 crore (from Rs 4.63 crore last year), but the company swung to a net profit of Rs 1.09 crore versus a loss of Rs 5.87 lakh in FY24. On a consolidated basis, revenue declined to Rs 5.39 crore (from Rs 6.81 crore), while net profit roughly doubled to Rs 1.01 crore from Rs 50.33 lakh. The auditor flagged an Emphasis of Matter on two subsidiaries (Sanghvi Beauty & Salons Pvt Ltd and Sanghvi Fitness Pvt Ltd) which have negative net worth and accumulated losses, with no provision made on the parent company's investments and loans to them. Management treats these as temporary and continues to prepare accounts on a going-concern basis.
Positive turnaround in profitability for shareholders, but the Emphasis of Matter on stressed subsidiaries with negative net worth is a watch item. Revenue decline of around 16% standalone and 21% consolidated is a concern, though margins held up enough to deliver a profit recovery.