The Board at its meeting held today i.e. 30th May 2025 have considered and approved Audited Financial Results for the quarter and year ended 31st March 2025
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Standard Shoe Sole and Mould (India) Ltd's board, at its meeting on May 30, 2025, approved the audited standalone financial results for Q4 and full year ended March 31, 2025. The company reported a net loss of Rs 18.56 lakhs for FY25, narrowing sharply from a Rs 65.88 lakhs loss in FY24; Q4 FY25 standalone loss was Rs 6.21 lakhs versus Rs 42.41 lakhs in Q4 FY24. Revenue from operations remains negligible with total income close to nil, and the company continues to incur only cost-side expenses (employee costs of Rs 5.96 lakhs and other expenses of Rs 12.60 lakhs for FY25). The statutory auditor S. Daga & Co. issued an unmodified (clean) opinion, and EPS for FY25 stood at Rs (0.36) versus Rs (1.27) in FY24. However, the balance sheet paints a worrying picture: net worth is deeply negative at Rs (79.37) lakhs, reserves are Rs (597.17) lakhs, cash and equivalents are only Rs 0.08 lakhs, and operating cash flow was negative Rs 16.07 lakhs.
While the loss has narrowed meaningfully from FY24, the company is in severe financial distress with negative net worth, virtually no revenue, and critically low cash, raising serious questions about its long-term viability for shareholders. The stock is likely to remain thinly traded and speculative until the company demonstrates a viable business turnaround.