Audited Standalone & Consolidated Financial Results for the quarter and year ended 31st March, 2025.
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Awaiting price reaction for this filing.
Sayaji Industries reported audited results on 28 May 2025. Consolidated revenue grew about 3% YoY to ₹1,00,395 lakhs in FY25, but the company slipped into a net loss of around ₹1,110 lakhs versus a smaller loss in FY24. Standalone Q4 turned profitable with EPS of ₹3.49, though the full-year standalone EPS was negative at ₹(17.91). The core Agro Processing (Maize) segment swung to a large loss of ₹1,815 lakhs in FY25 against a profit of ₹253 lakhs in FY24, dragging overall profitability. Auditor Shah & Shah Associates issued an unmodified (clean) opinion on both sets of results. In a separate item, CFO Mr. Manan Shah resigned effective 10 June 2025 to pursue other opportunities, and new secretarial, internal, and cost auditors were appointed for FY26 onwards.
Negative for shareholders. Despite a modest revenue uptick, the sharp swing to losses in the flagship maize business, a swing to negative operating cash flow, and a rising debt pile (with total borrowings up roughly 35% YoY pushing debt/equity above 2x) point to financial stress. The CFO exit adds a near-term governance overhang and may weigh on the stock.