Audited Financial Results for the quarter and year ended March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SGL Resources Ltd reported FY25 standalone revenue from operations of Rs 1,928.10 lakhs, down about 35% from Rs 2,952.75 lakhs in FY24, while net profit fell to Rs 140.40 lakhs (from Rs 161.86 lakhs) and EPS dropped to Rs 0.08 from Rs 0.23. Q4 standalone was weak with revenue of just Rs 144.16 lakhs and a small loss after tax of Rs 16.21 lakhs. Total income looked inflated at Rs 5,023.93 lakhs because the company capitalised Rs 1,720.92 lakhs of interest on an unsecured loan into intangible assets under development, booking it under Other Income; depreciation of Rs 867.72 lakhs (vs Rs 121.56 lakhs) was also fully booked in Q4. The board accepted the resignation of statutory auditor M/s R V Somani & Associates citing pre-occupation and appointed M/s Ram Chandak & Associates in their place; the audit opinion was unmodified.
Shareholders should note a clear slowdown in core operations with shrinking revenue and margins, while reported profits were propped up by one-time accounting adjustments. The auditor change shortly after signing the FY25 report is unusual and warrants attention, though the outgoing auditor raised no concerns. The stock may face pressure given weak operating cash flow (negative Rs 2,389 lakhs vs positive Rs 614 lakhs last year) and rising trade receivables.