Submission of revised Audited Financial Results for the quarter and year ended on 31st March, 2025
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Awaiting price reaction for this filing.
Shyamkamal Investments has resubmitted its audited financial results for Q4 and FY25 after BSE flagged discrepancies in the earlier filing. For FY25, total income jumped sharply to ₹186.32 lakhs from ₹1.08 lakhs in FY24, with a net profit of ₹50.32 lakhs versus a loss of ₹21.06 lakhs earlier; Q4 alone posted ₹104.80 lakhs profit on ₹118.36 lakhs income. Total assets rose to ₹1,964.69 lakhs (vs ₹425.20 lakhs) and net worth to ₹750.64 lakhs. The auditor (Mukeshkumar Jain & Co.) issued a Qualified Opinion citing two issues: absence of an audit trail due to ongoing ERP migration, and unrecovered ₹80 lakhs from a joint-venture partner whose recoverability could not be verified. If the ₹80 lakh qualification is adjusted, the company would swing to a loss of ₹29.65 lakhs with EPS of -₹0.22.
The headline turnaround looks strong, but the qualified opinion and the unconfirmed ₹80 lakh receivable mean reported profits are not fully verified — shareholders should treat the results with caution. The debt-to-equity ratio has spiked sharply to 1.61 from 0.09, and the current ratio is very weak at 0.23, signalling tight liquidity.