Revised Consolidated and Standalone Auditor''s Report for the half year and year ended 31.03.2025
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Shine Fashions has resubmitted its audited financial results for FY25 (year ended March 31, 2025) after correcting clerical mistakes found in the original Consolidated and Standalone Auditor's Reports filed on May 6, 2025. The statutory auditor, Thakur Vaidyanath Aiyar & Co., has issued an unmodified (clean) opinion on both standalone and consolidated results. On a standalone basis, revenue from operations grew strongly to about Rs. 80.46 crore from Rs. 52.89 crore in FY24 (~52% jump), while profit after tax rose to about Rs. 6.97 crore from Rs. 3.88 crore (~80% increase), lifting EPS to Rs. 24.35 from Rs. 13.87. Consolidated revenue came in at Rs. 81.58 crore with PAT of Rs. 6.99 crore. The company also raised equity capital and short-term borrowings during the year, boosting cash on hand to over Rs. 12.94 crore.
The revision is administrative (clerical error in the auditor's report) with no change to the clean audit opinion, so it should not worry shareholders. The strong doubling of revenue and profit, combined with healthy operating cash flow, is a positive signal for the stock, though the sharp rise in short-term borrowings and trade payables is worth watching.