Smartlink Holdings Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
SMARTLINK · price
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Smartlink Holdings' board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose modestly to ₹9,696.51 lakhs (vs ₹8,845.45 lakhs restated), but the company slipped into a pre-tax loss of ₹35.46 lakhs (vs profit of ₹730.51 lakhs), with PAT falling to ₹253.68 lakhs (vs ₹615.87 lakhs), supported by a deferred tax credit. On a consolidated basis, revenue grew to ₹21,452.63 lakhs and PAT eased to ₹660.51 lakhs (vs ₹705.95 lakhs). Statutory auditors issued an unqualified opinion but included an Emphasis of Matter on the merger of wholly-owned subsidiary Synegra EMS into the company, sanctioned by NCLT in January 2025, which led to restatement of prior-period figures and the company ceasing to be an NBFC, now operating purely in the Networking/IT Products segment. The board also altered the objects clause of the MOA and re-appointed internal and secretarial auditors.
Shareholders get a clean audit opinion and a strategic clarification (NBFC exit, pure-play IT hardware play post-merger), but the sharp standalone profit decline, swing to pre-tax loss, and steep negative operating cash flow of ₹(2,916.46) lakhs are red flags that may weigh on near-term sentiment despite revenue growth.