Integrated filling (Financials) for the march 2025 and year ended
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Sparkle Gold Rock (formerly Sree Jayalakshmi Autospin) reported its first full year of operational revenue at ₹900.03 lakhs for FY25, but total expenses of ₹925.70 lakhs pushed the company to a pre-tax loss of ₹18.99 lakhs and a net loss of ₹24.50 lakhs (EPS: -₹0.55). This is a sharp reversal from FY24's reported profit of ₹320.74 lakhs, which was almost entirely driven by a one-time ₹348.36 lakh gain from sale of assets rather than operations. Cash flow from operations is negative at ₹40.49 lakhs, and the balance sheet shows negative other equity of ₹335.58 lakhs with new borrowings of ₹45.15 lakhs. The auditor (G.R. Gupta & Co.) issued an unmodified opinion, while noting that FY24 was audited by a different firm, indicating an auditor change.
The company appears to have pivoted to a new line of business (reflected in the name change), but current operations are loss-making and burning cash. Shareholders should be cautious given negative book value, operational losses, and an auditor change.