Financial Results for the quarter and year ended 31st March 2025
SHARDUL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shardul Securities, an RBI-registered Base Layer NBFC, reported its FY25 audited results with a sharp fall in earnings. Standalone total revenue from operations dropped to Rs 4,248.90 lakhs from Rs 16,004.87 lakhs last year, driven mainly by a steep decline in fair value gains on investments. Standalone profit after tax fell to Rs 2,158.82 lakhs (vs Rs 9,419.25 lakhs in FY24), with basic EPS at Rs 2.47 (vs Rs 10.77). Q4 standalone was particularly weak, posting a loss after tax of Rs 6,481.04 lakhs. On a consolidated basis, PAT came in at Rs 3,298.13 lakhs vs Rs 9,780.92 lakhs, with Q4 again showing a loss of Rs 6,969.56 lakhs. Operating cash flow turned negative at both levels (standalone: -Rs 2,251.02 lakhs; consolidated: -Rs 3,694.51 lakhs). The board also approved a new internal auditor (Atul HMV & Associates LLP) and a share sub-division (Rs 10 face value split into 5 shares of Rs 2 each, effective Jan 13, 2025). Statutory auditor Akkad Mehta & Co LLP issued an unmodified opinion.
Shareholders should note a significant year-on-year decline in profitability and a negative Q4, largely due to mark-to-market losses on investments. The loss-making quarter and negative operating cash flow may weigh on near-term sentiment, though the company remains well-capitalised with low leverage and a clean audit opinion.