Sheela Foam Limited has informed the Exchange regarding Board meeting held on May 14, 2025.
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Awaiting price reaction for this filing.
Sheela Foam's board approved audited results on May 14, 2025 with the auditor (MSKA & Associates) giving an unmodified (clean) opinion. Standalone revenue from operations grew about 37% YoY to ₹2,587.51 Cr in FY25, while net profit fell roughly 33% to ₹112.09 Cr from ₹168.23 Cr a year ago. Q4 FY25 standalone revenue was ₹791.21 Cr with profit after tax of ₹20.93 Cr. Operating margin compressed to 32.6% in FY25 from 37.4% in FY24, and net profit margin dropped to 4.3% from 9.0%. The company recorded a net exceptional gain of ₹11.91 Cr in FY25, mainly insurance recoveries related to a prior-year Silvassa fire, which partly offset margin pressure. The company also increased its stake in Furlenco (House of Kieraya) to 43.89%, received ₹45.71 Cr of government grants for its Madhya Pradesh plant, and the CEO resigned with the MD taking over CEO duties.
Strong top-line growth from acquisitions (Kurlon, international subsidiaries) is positive, but a sharp drop in profit and margins signals cost pressure and integration challenges, which may weigh on the stock in the short term. The CEO exit adds a near-term leadership overhang, though the clean audit and improving debt-equity ratio (0.34 vs 0.37) are reassuring.