BSEShare Samadhan LtdHighNeutral
Announced Thu, 29 May · 17:42 IST

Outcome of the Board Meeting held for the Approval of Audited Half- Yearly and Financial Year 2024-25

Emphasis Of MatterRevenue Growth 20pctEbitda Margin CompressionNegative Operating CashflowResults View source PDF

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AI summary

Share Samadhan Ltd's board approved audited FY25 results on 29 May 2025. On a standalone basis, total income rose marginally to ₹959.34 lakhs (vs ₹940.80 lakhs) but expenses surged to ₹660.29 lakhs (vs ₹432.03 lakhs), pulling net profit down ~39% to ₹228.51 lakhs; EPS fell to ₹2.12 from ₹4.46. On a consolidated basis, operating income grew ~47% to ₹1,443.73 lakhs and total income reached ₹1,518.90 lakhs, but expenses doubled to ₹977.88 lakhs, leaving net profit at ₹314.62 lakhs (~20% lower) and EPS at ₹2.92. The balance sheet expanded sharply post-IPO — reserves jumped from ₹184 to ₹2,130.80 lakhs and cash & equivalents to ₹1,635.45 lakhs, though ₹1,274.23 lakhs of IPO proceeds (about 63%) remain unutilized and parked in fixed deposits. Operating cash flow turned sharply negative at ₹(536.59) lakhs standalone and ₹(165.30) lakhs consolidated, versus positive in FY24.

Likely market impact

Profitability has weakened significantly on both standalone and consolidated bases despite revenue growth at the consolidated level, with sharply negative operating cash flow raising questions about working-capital quality. Shareholders should note the large unutilized IPO corpus and the auditor's Emphasis of Matter on IPO proceeds, though the auditor's opinion itself remains unmodified.