Submission of Revised Audited Financial Results (Standalone and Consolidated) for the Quarter and Year Ended March 31, 2025, under Regulation 33 of SEBI (LODR) Regulations, 2015
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Sarla Performance Fibers has re-submitted its audited results for Q4 and FY25, correcting only the segment-wise breakdown that was mistakenly uploaded earlier; total revenue, profit before tax, profit after tax and all other financial figures remain unchanged. On a consolidated basis, FY25 revenue from operations rose to Rs. 42,710 lakhs (from Rs. 38,326 lakhs, up ~11%) and PAT jumped to Rs. 6,236 lakhs (from Rs. 3,272 lakhs, up ~90%). Standalone FY25 revenue grew to Rs. 42,367 lakhs and PAT to Rs. 4,984 lakhs (up ~34%). The board has recommended a Rs. 3 per share dividend, with promoters waiving their entitlement. The auditor flagged an emphasis of matter: subsidiary Sarlaflex Inc. is reported on a going-concern basis despite suspended manufacturing since December 2017 and negative net worth, and a Rs. 440 lakh impairment on this investment was booked as an exceptional item. Additionally, in Q4 the company paid Rs. 360 lakhs towards a GST input-tax-credit disallowance and made a Rs. 506 lakh provision against loans/advances to a wholly owned subsidiary.
The revision is administrative and does not change reported earnings, so no impact on headline numbers. The strong FY25 PAT growth (especially consolidated, aided by lower prior-year base and investment gains) is a positive signal, supported by a Rs. 3/share dividend. However, the going-concern flag on Sarlaflex Inc. and fresh provisions on subsidiary exposures highlight lingering stress in the overseas subsidiaries, which investors should monitor.