Sundaram Multi Pap Limited has informed the Exchange regarding Outcome of Board Meeting held on May 22, 2025.
SUNDARAM · price
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Sundaram Multi Pap's board approved audited results for FY25 on May 22, 2025. Revenue from operations inched up marginally to Rs 12,742.55 lakhs (FY24: Rs 12,705.13 lakhs), but the company reported a net loss of Rs 512.07 lakhs, slightly wider than Rs 508.18 lakhs last year. Q4 FY25 swung to a loss of Rs 85.26 lakhs versus a profit of Rs 23.62 lakhs in Q4 FY24, with EPS for the year at Rs (0.11). The statutory auditor issued a qualified opinion for the 5th consecutive year, flagging unconfirmed trade receivables and inadequate provisioning for long-outstanding debts. The company also appointed M/s F. A. Ansari & Associates as Internal Auditor for FY26. On the balance sheet, total assets fell to Rs 12,160.20 lakhs, non-current borrowings dropped sharply from Rs 2,347.19 to Rs 492.19 lakhs, and cash balances surged from Rs 22.30 to Rs 1,421.22 lakhs, largely aided by sale of fixed assets worth Rs 1,622.76 lakhs.
Continued losses and a 5th straight qualified audit opinion on trade receivables are negative signals for shareholders, raising concerns about recovery quality and earnings sustainability. On the positive side, debt reduction and a much stronger cash position from asset sales have improved near-term liquidity, though the core business remains unprofitable.