Sundaram Brake Linings Limited has informed the Exchange regarding Appointment of Ms Sundaram Srinivasan Chartered Associates as Internal Auditors of the company w.e.f. May 25, 2025.
SUNDRMBRAK · price
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Sundaram Brake Linings reported FY25 audited results alongside its Q4 update. Full-year revenue from operations was nearly flat at Rs. 35,221 lakh versus Rs. 35,236 lakh last year, but profit after tax fell sharply to Rs. 517 lakh from Rs. 1,009 lakh, a drop of about 49%, as expenses rose. The company blamed the weak performance on delays in project revenue, higher development spending in its composites business, legal costs, and a sluggish domestic commercial vehicle market. Operating cash flow collapsed from Rs. 1,521 lakh to just Rs. 13 lakh. The board has recommended a modest dividend of Rs. 1.50 per share (15%) and appointed Sundaram & Srinivasan as internal auditors and V Suresh Associates as secretarial auditors. Statutory auditors issued an unqualified opinion.
Sharp profit decline and near-flat revenue suggest margin pressure and weak demand conditions, which may weigh on sentiment. However, the company continues to reward shareholders with a dividend, and the clean audit opinion provides some comfort on accounting quality.