Please find attached Audited Financial Results along with Independent Audit Report for the Quarter and Year ended March 31, 2025 approved by the Board of Directors at its meeting held today.
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Shriram Asset Management Company reported audited results for FY25 with total income falling to ₹675.46 Lakhs from ₹820.76 Lakhs in FY24, a decline of about 18%. The company deepened its loss, posting a loss before tax of ₹1,637.95 Lakhs (vs ₹680.68 Lakhs loss last year) and loss after tax of ₹1,651.22 Lakhs (vs ₹685.92 Lakhs), translating to an EPS of ₹(12.69) versus ₹(7.35). Employee benefits expense nearly doubled to ₹1,440.51 Lakhs, driving the wider loss even as asset management services revenue doubled to ₹196.87 Lakhs. Operating cash flow was negative at around ₹(1,250.85) Lakhs. The Board did not recommend any dividend, granted 61,318 stock options at ₹435/share under the ESOP 2022, and appointed a new Secretarial Auditor for five years. Statutory auditors G.D. Apte & Co issued an unmodified (clean) opinion.
Shareholders should note that the company remains loss-making with a sharply wider annual loss, declining top-line, and negative operating cash flow, even though the audit opinion is clean. There is no dividend this year, while ESOP grants will cause future dilution, and a new Secretarial Auditor has been onboarded.