Audited Financial Results for the Quarter and Year ended 31st March 2025 and Recommendation of Final Dividend
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Sharat Industries Limited (aquaculture, single segment) reported strong FY25 results with revenue from operations rising to ₹38,053.48 lakhs from ₹30,215.92 lakhs, a growth of about 26% year-on-year. Profit after tax climbed to ₹995.92 lakhs from ₹587.30 lakhs, up roughly 70%, while basic EPS improved to ₹3.04 from ₹1.90. Q4 standalone revenue grew to ₹9,390.73 lakhs versus ₹6,467.16 lakhs in Q4 FY24, with Q4 PAT at ₹53.46 lakhs. The Board has recommended a final dividend of ₹0.25 per share (2.5% on face value of ₹10), subject to shareholder approval at the 35th AGM. The statutory auditor (A R Krishnan & Associates) issued an unqualified or unmodified opinion on the financial statements. M/s P S S & Co. was re-appointed as internal auditor for FY 25-26.
The strong topline and profit growth, along with an unmodified audit opinion and a modest dividend, are positives for shareholders. However, investors should note that operating cash flow turned sharply negative at ₹(2,572.22) lakhs versus ₹(166.40) lakhs last year, mainly due to a steep rise in trade receivables and inventory build-up, which means the reported profit has not yet translated into cash. Cash position improved largely due to a rights issue of ₹31.77 crore.