Audited Financial results for the year ended 31st March 2025
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Awaiting price reaction for this filing.
Sri Lakshmi Saraswathi Textiles (Arni) Ltd reported audited results for FY25 with total income falling to Rs. 10,022.80 lakhs from Rs. 12,744.50 lakhs in FY24, a decline of about 21%. Net sales dropped to Rs. 9,954.20 lakhs from Rs. 12,711.70 lakhs. The company posted a net loss of Rs. 2,132.31 lakhs, slightly wider than the Rs. 1,998.35 lakhs loss in FY24, with EPS of Rs. (62.13). Net worth is fully eroded at negative Rs. 6,858.62 lakhs, with accumulated losses of Rs. 9,195.89 lakhs. Operating cash flow swung to negative Rs. 1,900.35 lakhs from a positive Rs. 375.68 lakhs the prior year. The statutory auditor issued a qualified opinion, flagged a material uncertainty on going concern, and noted long-outstanding unconfirmed supplier advances of Rs. 86.07 lakhs. The board also appointed secretarial, internal, and cost auditors for FY26 and scheduled the 61st AGM for 11 August 2025.
This is a deeply negative filing for shareholders. The company is loss-making, revenue is shrinking, net worth is fully wiped out, and the auditor has raised a going concern doubt. Existing shareholders face high risk of dilution or restructuring, and the stock is likely to remain under pressure.