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 grew ~9.6% to ₹9,696.51 lakhs, but standalone profit before tax swung to a loss of ₹35.46 lakhs (from ₹730.51 lakhs profit), with PAT falling ~59% to ₹253.68 lakhs (EPS ₹2.54 vs ₹6.17). On a consolidated basis, revenue rose ~8.3% to ₹21,452.63 lakhs, while PAT dipped to ₹660.51 lakhs from ₹705.95 lakhs. The board also amended the objects clause of the MOA, re-appointed M/s Marathe Rao & Swarup as internal auditors for FY26, and appointed Mr. Shivaram Bhat as Secretarial Auditor for five years. Statutory auditors issued an unqualified opinion, with an Emphasis of Matter note on the merger with wholly-owned subsidiary Synegra EMS (NCLT order January 9, 2025; effective January 31, 2025), which has caused comparative figures to be restated and has ended the company's status as a Non-Banking Financial Company.
The merger restatement makes year-on-year comparisons less straightforward for investors. Despite revenue growth, sharply lower standalone profits, a steep fall in EPS, and a large swing to negative operating cash flow (₹-2,916 lakhs vs ₹150 lakhs) may weigh on the stock in the near term, though the consolidated picture is more stable and the clean audit opinion is reassuring.