The Board of Directors at their meeting held on 30th May, 2025 approved the Standalone Audited Financial Results for the half year and Year ended 31st March, 2025. The Financial Results, ....
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SDC Techmedia Ltd reported a turnaround in FY25 with a net profit of Rs. 34.84 lakhs compared to a loss of Rs. 299.84 lakhs in FY24, translating to EPS of Rs. 0.54 vs Rs. (4.62). Total income was broadly flat at Rs. 1,117.10 lakhs (FY24: Rs. 1,135.22 lakhs), while total expenses fell sharply to Rs. 1,086.67 lakhs from Rs. 1,524.72 lakhs. The auditor issued a Qualified Opinion flagging two issues: (1) trade receivables of about Rs. 7.25 crore lack balance confirmations for roughly Rs. 6.63 crore, with only Rs. 1.07 crore provided as doubtful, and (2) potential shortfall in gratuity liability, the impact of which could not be ascertained. Cash from operations remained positive at Rs. 356.90 lakhs though lower than Rs. 473.23 lakhs in FY24. The company also noted that reconciliation of certain advances, creditors and debtors is pending and that brought-forward losses shield it from current tax.
The swing back to profit is encouraging, but the qualified audit opinion on receivables and gratuity, along with a very high debt-equity profile (long-term borrowings of ~Rs. 9.90 crore against equity of ~Rs. 2.19 crore and accumulated reserves of Rs. (4.31) crore), signals financial fragility. Shareholders should view this as a fragile recovery with material audit caveats, likely keeping the stock sentiment cautious.