SUPERHOUSENSESuperhouse LimitedHighNeutral
Announced Fri, 11 Jul · 17:12 IST

Superhouse Limited has submitted to the Exchange, the Audited Consolidated Financial Results for the quarter and year ended March 31, 2025.

Qualified OpinionPat Growth 25pctExceptional ItemContingent Liabilities IncreasedResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Superhouse Limited submitted its audited consolidated financial results for FY25, reporting total income of Rs. 67,714.75 lakhs and a net profit after tax of Rs. 933.98 lakhs (EPS Rs. 8.48). On a standalone basis, total income was Rs. 51,702 lakhs (slightly down from Rs. 52,972 lakhs in FY24), but PAT jumped sharply to Rs. 1,341.33 lakhs from Rs. 792.57 lakhs — a growth of about 69% — boosted by an exceptional item of Rs. 620.17 lakhs from the sale of a land and building. The board has recommended a dividend of 8% (Rs. 0.80 per share). The auditor (Kapoor Tandon & Co.) issued a qualified opinion on the consolidated results, flagging five qualifications — all stemming from the Spanish subsidiary Linea De Seguridad SLU — covering unverifiable inventory, unverified tax credit recoverability (€623,033), unprovided bad debts (€175,634), an unrecognized tax liability (€22,954), and an unexplained debit balance (€104,198). The company has also disclosed three GST orders raising a total demand of Rs. 2,425.39 lakhs, which it is contesting in appeal and has not provided for.

Likely market impact

Shareholders get a strong headline PAT growth on the back of a one-time property sale, but the qualified audit opinion and large disputed GST demand (Rs. 24+ crore) are red flags that may weigh on the stock and warrant closer scrutiny of the Spanish subsidiary's books.