Annual Report for the Financial Year 2024-25
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Sharika Enterprises Ltd has filed its Annual Report for FY 2024-25. Consolidated revenue rose modestly by 4.19% to Rs. 8,171.10 Lakhs (from Rs. 7,842.43 Lakhs), but profitability came under heavy pressure. Consolidated EBITDA fell sharply from Rs. 315.74 Lakhs to Rs. 188.70 Lakhs, and the company swung from a Rs. 153.42 Lakh profit after tax in FY23-24 to a Rs. 36.18 Lakh loss after tax in FY24-25. On a standalone basis, profit after tax nearly halved from Rs. 225.74 Lakhs to Rs. 97.19 Lakhs. Finance costs rose to Rs. 177.92 Lakhs from Rs. 137.36 Lakhs. The board skipped dividend to conserve cash. The company broadened its business scope to include SCADA, ADMS, Smart Grid Technologies, and EPC via alteration of its main objects, and appointed a new statutory auditor (M/s R D V & Associates) for a five-year term.
Despite modest revenue growth, the sharp drop in profitability and a consolidated loss after tax are negative signals for shareholders. The skipped dividend, margin compression, and rising finance costs suggest cost and operational pressures worth monitoring.