Financial Results for the quarter and year ended March 31, 2025
SGMART · price
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SG Mart Limited reported consolidated revenue from operations of ₹5,856.17 crores for FY25, more than doubling from ₹2,682.90 crores in FY24, a growth of about 118%. Consolidated net profit after tax rose to ₹103.43 crores from ₹60.94 crores, up roughly 70% year-on-year, with basic EPS of ₹9.23 versus ₹8.19. Q4 FY25 revenue was ₹1,595.03 crores (vs ₹1,277.54 cr in Q4 FY24), though Q4 PAT was largely flat at ₹33.14 crores. The board also approved a ₹600 crore capital expenditure plan over two years to expand capacity from 0.6 Mn Ton to 2.5 Mn Ton for solar mounting structures and coil cutting, and appointed a new VP of Sales & Marketing (ex-Tata Steel). Statutory auditor Walker Chandiok & Co LLP issued an unmodified (clean) opinion, replacing the previous auditor Ashok Kumar Goyal & Co.
Strong top-line and profit growth reflect scaling of the business, but the negative operating cash flow of around ₹391 crores (consolidated) and a sharp rise in short-term borrowings from ₹182 cr to ₹689 cr indicate the growth is being funded heavily through debt and working capital stretching, which shareholders should monitor closely.