Please find enclosed herewith Audited Standalone and Consolidated Financial Results and the Statements for the quarter and year ended March 31, 2025.
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Scan Steels' Board approved audited results on May 17, 2025 with an unmodified auditor opinion from Das Pattnaik & Co. Total income for FY25 fell to Rs 79,381 lakhs from Rs 96,743 lakhs, an ~18% year-on-year decline, while standalone net profit rose ~10.6% to Rs 1,960 lakhs (FY24: Rs 1,773 lakhs), showing improved margin control. Consolidated net profit rose modestly to Rs 2,165 lakhs (FY24: Rs 2,105 lakhs). However, Q4 standalone net profit dropped sharply to Rs 358 lakhs from Rs 811 lakhs a year ago. The company significantly deleveraged, with borrowings falling from Rs 11,892 lakhs to Rs 6,193 lakhs, though operating cash flow collapsed from Rs 7,828 lakhs to Rs 699 lakhs.
Earnings show margin expansion and strong debt reduction, which are positives, but the sharp revenue decline, weak Q4 profitability, and steep fall in operating cash flow raise concerns about business momentum and quality of earnings.