Audited results (Standalone & consolidated) for the quarter and year ended on 31st march, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBEC Sugar's board approved audited results for FY25. Standalone revenue from operations fell slightly to Rs. 62,108.64 lakhs from Rs. 64,387.80 lakhs last year. The company swung to a standalone net loss of Rs. 1,178.61 lakhs (vs profit of Rs. 465.02 lakhs in FY24), with EPS at Rs. (2.47). Consolidated loss was wider at Rs. 1,860.77 lakhs (vs Rs. 329.67 lakhs loss last year). Q4 alone was profitable, with standalone PAT of Rs. 4,547.65 lakhs. The statutory auditor issued a qualified opinion on three counts: (1) no provision of Rs. 4,125.57 lakhs for interest on late cane payments, (2) Rs. 14,685.98 lakhs exposure to Modi Industries whose net worth is fully eroded, and (3) inventory overstatement of Rs. 2,312.28 lakhs due to NRV-based valuation. The auditor also flagged an emphasis of matter on pending cane interest waiver case. Other equity is deeply negative at Rs. (10,872.40) lakhs, leaving standalone net worth at Rs. (6,103) lakhs. The board also re-appointed M/s Thakur Vaidyanath Aiyar & Co. as internal auditors for FY26.
Shareholders should note the company has reported a full-year loss, carries negative net worth, and has received a qualified audit opinion with multiple unresolved qualifications. If the cane interest and MIL recovery issues go against the company, adjusted losses could be significantly higher and going-concern concerns may intensify.