Newspaper Publication of the extract of Audited Financial Results for the quarter and year ended 31st March 2025
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Standard Shoe Sole and Mould (India) Ltd has published its audited financial results for the quarter and full year ended 31st March 2025 in Business Standard (English) and Arthik Lipi (Bengali) newspapers, as required by SEBI listing rules. For FY25, the company reported a net loss of Rs 18.56 lakhs, a significant improvement from the Rs 65.88 lakhs loss in FY24. In Q4 FY25 alone, the loss narrowed sharply to Rs 6.21 lakhs from Rs 42.41 lakhs in Q4 FY24. The loss per share for the full year came down to Rs 0.36 from Rs 1.27 in the previous year. The company has negative other equity of Rs 597.17 lakhs as on 31st March 2025, indicating that accumulated losses continue to exceed the share capital of Rs 518.15 lakhs. Total income from operations was not disclosed in the published extract.
Losses have narrowed considerably year-on-year, which is a mild positive sign, but the company remains in the red with negative net worth, meaning shareholders' equity is eroded. Small-cap retail investors should note the persistent losses and weak balance sheet despite the improvement.