Results for the financial year ended Mar 31st 2025
SUPERSPIN · price
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Super Spinning Mills reported a net loss of Rs. 1,640.64 lakhs for FY25, slightly better than the Rs. 2,089.45 lakhs loss in FY24. Continuing operations (now only rental services) generated revenue of Rs. 662.73 lakhs, down from Rs. 694.52 lakhs, with a pre-tax profit of Rs. 172.40 lakhs versus Rs. 267.50 lakhs last year. The company booked an exceptional impairment of Rs. 274.52 lakhs on its investment property. The discontinued textile operations continued to bleed, posting a loss of Rs. 1,413.93 lakhs. Other equity shrank sharply from Rs. 6,609.29 lakhs to Rs. 4,969.21 lakhs, and cash on hand fell to Rs. 153.94 lakhs from Rs. 737.25 lakhs. The auditor (CSK Prabhu & Co LLP) issued an unmodified (clean) opinion on the results.
Shareholders face a third consecutive year of losses, persistent erosion of net worth, and a winding-down textile business — though the auditor has no going-concern flag and rental services remain profitable. A large undisclosed power dispute (Rs. 8,114 lakhs claimed by SPDCL) remains a key overhang, and the 5-year re-appointment of promoter CMD Sumanth Ramamurthi signals continuity of current strategy.