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Sharda Ispat's board met on May 30, 2025 and approved audited standalone financial results for Q4 and FY ended March 31, 2025, with statutory auditors M/s Panpaliya Taori & Co. issuing an unmodified opinion. Revenue from operations fell to Rs. 17,544.30 lakhs in FY25 from Rs. 22,726.53 lakhs in FY24, a drop of about 23%. Net profit declined sharply to Rs. 758.55 lakhs (from Rs. 1,397.24 lakhs), with EPS falling to Rs. 14.94 from Rs. 27.52. Q4 was particularly weak with net profit at just Rs. 100.44 lakhs versus Rs. 418.49 lakhs in the year-ago quarter. The board also re-appointed M/s LNJ & Associates as Internal Auditor for FY 2025-26. Total assets grew to Rs. 9,816.07 lakhs, driven largely by higher loans given and increased borrowings.
The steep year-on-year fall in both revenue and profits is negative for shareholders, signaling weaker demand or margin pressure in the iron and steel business. Rising borrowings alongside falling profitability could be a concern, though continued clean audit opinion provides some comfort.