This is to inform you that a meeting of the Board of Directors of our Company was held today on 30th May, 2025 at the registered office of the Company which approved and took on record ....
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The board of SDC Techmedia Ltd met on 30 May 2025 and approved audited standalone results for FY25. The company reported a turnaround with a profit after tax of Rs 34.84 lakhs in FY25, compared to a loss of Rs 299.84 lakhs in FY24. Total income stood at Rs 1,117.10 lakhs, marginally lower than Rs 1,135.22 lakhs in the previous year. EPS improved to Rs 0.54 from a negative Rs 4.62. The statutory auditor issued a qualified opinion, flagging two issues: (1) lack of balance confirmations for trade receivables of Rs 6.62 crore out of Rs 7.25 crore (with Rs 1.07 crore provisioned as doubtful), flagged as a repetitive qualification, and (2) potential under-provisioning of gratuity liability whose impact is unascertained. Net worth stood at Rs 218.71 lakhs against long-term borrowings of Rs 989.67 lakhs, indicating very high leverage.
The return to profitability is a positive signal, but the qualified audit opinion and repetitive qualification on trade receivables (which form over a quarter of total assets) point to concerns around collection quality and financial reporting. High debt-to-equity and the SME listing make this a small-cap stock with elevated risk-reward characteristics.