This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Simbhaoli Sugars Limited has informed the Exchange regarding Board meeting held on Jun 09, 2025.
SIMBHALS · price
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Simbbhaoli Sugars, currently under the Corporate Insolvency Resolution Process (CIRP) since July 11, 2024, had its Interim Resolution Professional (IRP) approve the audited standalone financial results for FY25 and Q4 FY25. Revenue from operations fell to ₹1,14,436 lakhs in FY25 from ₹1,32,394 lakhs in FY24, a decline of about 13.6%. The company reported a net profit of ₹2,399 lakhs for FY25 versus a loss of ₹(1,207) lakhs in FY24, but the auditor flagged that this profit is overstated because interest expense of ₹63,937 lakhs for FY25 and cumulative unprovided interest of ₹1,75,030 lakhs were not booked. Other equity remains negative at ₹(8,797) lakhs, reflecting complete erosion of net worth. The auditor (Mittal Gupta & Co.) issued a qualified opinion with multiple qualifications and highlighted material uncertainty on the company's ability to continue as a going concern. Consolidated results were not filed because subsidiary accounts are not yet finalized. Total borrowings stand at ₹1,01,074 lakhs, and an Enforcement Directorate attachment of ₹109.80 crore on company assets is under appeal.
Despite the reported return to profit, the numbers are materially overstated due to massive unprovided interest, so shareholders should treat the headline profit with caution. With negative net worth, ongoing CIRP, a qualified audit report, going-concern doubt, and large unprovided liabilities, the stock remains a high-risk situation; existing equity holders face significant dilution or wipeout risk depending on the resolution plan outcome.
| Q4 FY25 | Q4 FY24 | Change | |
|---|---|---|---|
| Revenue | ₹373.2 Cr | ₹378.5 Cr | −1.4% |
| Operating profit | ₹14.44 Cr | ₹31.59 Cr | −54.3% |
| Profit after tax | ₹7.78 Cr | ₹36.54 Cr | −78.7% |
| EBITDA margin | 11.9% | 12.9% | −1.0 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.