Submission of standalone financial results for the quarter and year ended on 31.03.2025
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Shangar Decor Ltd reported audited standalone results for FY25 with revenue from operations rising to Rs. 1,856.95 lakhs from Rs. 1,299.41 lakhs in FY24, a growth of about 43%. However, full-year profit after tax slipped to Rs. 62.99 lakhs from Rs. 80.91 lakhs, and Q4 FY25 swung to a net loss of Rs. 158.76 lakhs against a profit of Rs. 147.16 lakhs in Q4 FY24. The balance sheet expanded sharply with total assets rising to Rs. 6,396.76 lakhs from Rs. 2,709.53 lakhs, supported by a large equity infusion (share capital jumped from Rs. 612.02 lakhs to Rs. 4,896.16 lakhs). Cash flow from operations turned sharply negative at Rs. (1,044.17) lakhs versus a positive Rs. 505.64 lakhs last year. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter paragraph flagging uncertainties around trade receivables, trade payables, inventory verification (relied on management) and investment valuation/recoverability.
Strong top-line growth is offset by weaker profitability, a Q4 loss, and deeply negative operating cash flow, raising concerns about working capital and earnings quality. The fresh equity raise strengthens the balance sheet, but the auditor's emphasis of matter on receivables, payables and inventory verification is a caution flag for shareholders.