Newspaper publication of financial results for the quarter and year ended 31st March 2025
SHARDUL · price
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Shardul Securities Ltd has published its audited financial results for Q4 FY25 and full-year FY25 in Business Standard (English) and The Mumbai Lakshadeep (Marathi) on 30 May 2025, as required by SEBI listing regulations. The results were approved by the Board on 28 May 2025. On a standalone basis, the company swung to a net loss of Rs 64.81 crore in Q4 FY25 versus a profit of Rs 16.51 crore in Q4 FY24, while full-year FY25 net profit stood at Rs 21.59 crore. On a consolidated basis, Q4 FY25 showed a net loss of Rs 69.70 crore against a profit of Rs 16.12 crore in Q4 FY24, with full-year FY25 profit at Rs 32.09 crore. Total comprehensive income for FY25 was Rs 21.44 crore (standalone) and Rs 32.81 crore (consolidated). The negative Q4 figures appear to reflect year-end adjustments, likely mark-to-market provisions on investments typical for an NBFC/securities firm.
The sharp swing into Q4 losses — even while full-year profitability is maintained — is a negative signal for short-term sentiment, but the annual profit of Rs 21-32 crore and healthy reserves (Rs 557-685 crore) suggest the underlying business remains solvent. Shareholders should watch for management commentary on the nature of the Q4 write-downs before drawing longer-term conclusions.