Audited Standalone and Consolidated Financial Results for the Half Year and Year Ended 31.03.2025 along with audit report and relevant disclosures.
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SM Auto Stamping Limited filed audited standalone and consolidated financial results for FY ended 31 March 2025 along with a clean (unmodified) audit opinion from S.R. Rahalkar & Associates. Standalone revenue from operations was Rs. 6,638.33 lakhs, slightly down from Rs. 6,756.37 lakhs in FY24, while standalone net profit fell to Rs. 274.97 lakhs from Rs. 300.37 lakhs. Consolidated net profit declined to Rs. 311.17 lakhs (vs Rs. 356.58 lakhs), supported by a Rs. 36.79 lakh share of profit from associate SM Auto Vision Pvt Ltd. The auditor flagged an Emphasis of Matter relating to pending trade receivables/payables confirmations and GST credit reconciliation in the associate company's books. Standalone operating cash flow collapsed sharply to Rs. 86.38 lakhs from Rs. 490.56 lakhs in the prior year. Total outstanding debt is small at Rs. 2.54 crore (cash credit Rs. 0.39 crore, term loans Rs. 2.15 crore) with no defaults reported.
Marginal revenue decline, lower profits, and a steep drop in operating cash flow are negatives, while the unmodified audit opinion and absence of debt defaults offer some comfort; investors should watch the Emphasis of Matter items and associate-level recoveries.