Outcome of the Board Meeting
SGMART · price
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The Board approved FY25 audited results showing consolidated revenue from operations of ₹5,856.17 crores, up about 118% from ₹2,682.90 crores last year. Consolidated net profit after tax rose roughly 70% to ₹103.43 crores (from ₹60.94 crores), with basic EPS of ₹9.23. Standalone revenue was ₹5,511.59 crores and standalone PAT was ₹93.90 crores. The Board also cleared a capital expenditure plan of about ₹600 crores over the next two years to expand overall capacity from 0.6 Mn Ton to 2.5 Mn Ton, focused on solar mounting structures and coil cutting. Additionally, Mr. Archit Arora (ex-Tata Steel) was appointed as VP – Sales & Marketing and designated as Senior Management Personnel. Auditor Walker Chandiok & Co LLP issued an unmodified (clean) opinion on both standalone and consolidated results.
The strong revenue and profit growth suggest the company is in a rapid expansion phase, supported by the ₹600 crore capex plan and a high-profile hire. However, shareholders should note that net cash used in operating activities was ₹391 crores (consolidated), short-term borrowings jumped from ₹182 crores to ₹689 crores, and EBITDA margin compressed slightly, indicating rising working-capital and debt pressure alongside the growth.