Outcome of Board Meeting for the quarter ended 31.03.2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.9 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.