Outcome of Board Meeting held on 30th May, 2025 for approval of standalone audited financial results for quarter and year ended 31st March, 2025
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The Board of Sueryaa Knitwear Limited approved audited standalone financial results for Q4 FY25 and full-year FY25 on May 30, 2025. Revenue from operations rose to Rs 24.26 lakhs in FY25 from Rs 0 in FY24, though this was from a near-zero base. Total expenses climbed sharply to Rs 59.87 lakhs (vs Rs 10.12 lakhs in FY24), led by inventory adjustments of Rs 25.66 lakhs and other expenses of Rs 26.51 lakhs. The company posted a wider net loss of Rs 16.46 lakhs for FY25 versus a loss of Rs 9.27 lakhs in FY24, and a total comprehensive loss of Rs 28.89 lakhs. Exceptional items of Rs 18.69 lakhs in Q4 pushed that quarter to a small profit of Rs 1.02 lakhs. The statutory auditor (M/s Sanjeev Bimla & Associates) issued an unmodified opinion but noted non-compliance with MCA's audit trail requirement. The company reported zero qualified borrowings and is not classified as a Large Corporate.
Deepening annual losses and very small revenue base indicate persistent operational weakness; the Q4 profit was entirely driven by one-time exceptional items, not core business improvement. The absence of debt is a positive, but the going concern outlook remains weak given consecutive years of losses.