Outcome of Board Meeting for the quarter ended 31.03.2025.
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Sheshadri Industries' board approved audited financial results for Q4 and FY ended March 31, 2025, along with the balance sheet and cash flow statement. Revenue from operations rose to ₹2,820 lakhs (FY25) from ₹2,520 lakhs (FY24), about 12% growth. Total income grew nearly 20% to ₹3,446 lakhs. The company reported a profit of ₹837 lakhs for the year versus a loss of ₹253 lakhs last year, helped largely by a one-time exceptional gain of ₹480 lakhs from the sale of land. EPS swung to ₹16.88 from negative ₹5.1. However, the company's net worth remains deeply negative at ₹(1,090) lakhs due to accumulated losses of ₹1,925 lakhs, and current liabilities exceed current assets. The statutory auditor (K.S. Rao & Co.) issued a qualified opinion flagging unprovided interest on unpaid TDS dues (₹21.85 lakhs), old payables of ₹936.57 lakhs, and stale capital advances of ₹21.29 lakhs — qualifications that have been repetitive for four years. The board also appointed M/s. LANS & Co as internal auditors for FY26.
Short-term: The return to profit and EPS turnaround look positive, but most of the gain is a one-time land sale and not from core operations. Watch out: negative net worth, qualified audit opinion, and going-concern reliance on property values raise serious concerns about long-term financial health.