Enclosed are the audited annual financial results for the quarter and financial year ended 31-Mar-2025
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Sovereign Diamonds Ltd reported a sharp slowdown for FY25. Total income fell to Rs 2,146.62 lakhs from Rs 2,842.38 lakhs in FY24, a decline of about 24%. Net sales dropped to Rs 1,997.21 lakhs (vs Rs 2,709.34 lakhs). Profit after tax collapsed to just Rs 1.26 lakhs from Rs 138 lakhs, with EPS at Rs 0.02 versus Rs 2.38. Q4 FY25 was particularly weak, posting a loss of Rs 12.58 lakhs versus a profit of Rs 33.15 lakhs in Q4 FY24. On the balance sheet, total assets stood at Rs 2,773.96 lakhs, borrowings were reduced to Rs 889.68 lakhs, and operating cash flow remained positive at Rs 254.16 lakhs. The statutory auditor J.D. Zatakia & Co. issued an unmodified opinion.
Weak top-line and near-zero profits signal business stress for shareholders; however, debt reduction and positive operating cash flow offer some cushion. Stock may see negative sentiment given the steep fall in earnings.