Please find the attached Audited Financial Result(Standalone & Consolidated)
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Awaiting price reaction for this filing.
Steelman Telecom Ltd (BSE SME platform, scrip 543622) announced its audited results for FY25 on May 30, 2025 with an unmodified auditor opinion from Jay Gupta & Associates. On a standalone basis, total income fell about 7.2% to Rs 17,745.93 lakh (from Rs 19,130.06 lakh), but profit after tax rose around 10% to Rs 805.75 lakh, giving basic EPS of Rs 8.33. The board skipped dividend for FY25. On a consolidated basis, total income grew roughly 5.4% to Rs 23,273.23 lakh, but the company swung to a loss after tax of Rs 1,204.23 lakh (worse than Rs 885.98 lakh loss in FY24), dragged mainly by the cab-hiring subsidiary EC Wheels India which alone lost about Rs 1,668 lakh. Operating cash flow turned sharply negative on both standalone (Rs -1,876.27 lakh) and consolidated (Rs -742.82 lakh) bases, while total borrowings rose steeply to fund capex and subsidiary losses.
Standalone profitability is intact but consolidated losses, negative operating cash flows and rising debt (consolidated borrowings of about Rs 8,527 lakh vs equity of about Rs 3,517 lakh) are red flags for shareholders. The stock may face pressure until the cab-hiring subsidiary turns around; no dividend in FY25 limits income appeal.