Results-Financial Results (Integrated Finance Filing) For March 31, 2025
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Awaiting price reaction for this filing.
Sri Chakra Cement Limited reported audited results for Q4 and FY25 showing a weak performance. The company's revenue from operations for Q4 FY25 stood at Rs. 25.46 crores versus Rs. 29.08 crores in Q4 FY24, a year-on-year decline. The company has slipped into a loss-making position for the full year, and most critically, total equity has turned negative at Rs. (11.34) crores, down from a positive Rs. 45.42 crores in the previous year—a Rs. 57 crore erosion of net worth. The auditor (C. Ramachandram & Co.) issued an unmodified (clean) opinion but highlighted two emphasis of matter items: (1) APERC-mandated FPPCA electricity charges of Rs. 7.41 crores, with Rs. 5.92 crores still to be recognized as expense over the next several months, and (2) a Rs. 1.70 crore depreciation calculation error from FY24 that was corrected in the current year without restating prior comparatives. Borrowings and trade payables both increased meaningfully.
This is a serious red flag for shareholders—negative net worth means the company's liabilities now exceed its assets, technically placing it in a stressed financial position. While the auditor's opinion is unmodified, the combination of mounting losses, negative book value, and pending FPPCA power cost liabilities points to potential share price weakness and possible regulatory or lender scrutiny.