Submission of revised Standalone and Consolidated Unaudited Financial results for the Third Quarter ended on 31.12.2025
Awaiting price reaction for this filing.
Sellwin Traders has filed revised Q3 FY2025 results, revealing a significant loss due to provisions created against doubtful advances given to suppliers. The standalone Q3 shows a net loss of Rs. 328.57 lakh versus a profit of Rs. 73.45 lakh in Q3 FY2024, primarily due to 'Other Expenses' jumping from Rs. 8.60 lakh to Rs. 399.49 lakh. Revenue declined 15% year-on-year to Rs. 924.90 lakh on standalone basis and 25.5% on consolidated basis to Rs. 1,296.69 lakh. The auditors highlighted in their 'Other Matter' paragraph that the revision stems from recognizing provisions against old supplier advances where neither materials were received nor advances recovered. Legal proceedings have been initiated for recovery, but outcome remains uncertain. The results have been reviewed and approved by the Board on 30th May 2026.
The filing signals a major earnings surprise driven by provisioning, converting a previously profitable quarter into a significant loss. This raises concerns about the company's historical advance management practices and suggests potential governance or operational issues with supplier relationships. The stock is likely to react negatively to this revision.