Results for the Financial Year 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Scoobee Day Garments reported FY25 revenue from operations of Rs. 4,650.28 lakhs, up about 14% from Rs. 4,076.72 lakhs in FY24. However, profit before exceptional items and tax collapsed nearly 86% YoY to just Rs. 54.88 lakhs (from Rs. 394.72 lakhs), showing severe margin compression. An exceptional gain of Rs. 216.59 lakhs from sale of a 1.16-hectare plot of land cushioned the bottom line, bringing reported PAT to Rs. 190.98 lakhs (down ~48% from Rs. 366.53 lakhs). The company turned cash-negative in operations at Rs. (419.49) lakhs versus a Rs. 999.90 lakhs inflow last year. Prior-year figures were restated to reflect first-time recognition of gratuity liability. The auditor (Varma & Varma) gave an unmodified opinion. The company also approved a rights issue of up to Rs. 35,000 lakhs to repay promoter/promoter-group unsecured loans.
Weak operating performance, negative operating cash flow, negative other equity (accumulated losses of Rs. 856.90 lakhs), and very high leverage (total borrowings of about Rs. 9,414 lakhs against equity of Rs. 493 lakhs) are significant concerns for shareholders. The proposed mega rights issue could materially dilute existing investors, though it aims to deleverage by repaying promoter loans.