Sutlej Textiles and Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
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Sutlej Textiles' board met on May 9, 2025 and approved its audited financial results for the fourth quarter and full year ended March 31, 2025, with a clean (unmodified) auditor's opinion from BSR & Co. LLP. Standalone revenue for FY25 came in at Rs. 2,642.36 crore, about 1% lower than Rs. 2,671.72 crore in FY24, while the consolidated revenue was Rs. 2,676.76 crore. The company reported a standalone net loss of Rs. 84.20 crore for FY25, narrower than the Rs. 134.61 crore loss in FY24, helped by a sharp improvement in the yarn segment which cut its loss to Rs. 19.68 crore from Rs. 104.92 crore a year ago. The home textile segment, however, deepened its loss to Rs. 20.26 crore from Rs. 15.19 crore. A one-time impairment of Rs. 22.70 crore on its US subsidiary investment was recorded as an exceptional item. The board also approved appointing M/s. CSM & Co. as Secretarial Auditor for five years (FY26–FY30), pending shareholder approval.
The loss has narrowed year-on-year and the yarn business is showing signs of recovery, which is a positive signal, but the home textile division continues to drag and reserves (other equity) have fallen to Rs. 877.71 crore from Rs. 959.87 crore. Shareholders should watch for margin improvement in home textiles and any further write-downs on the US subsidiary; expect short-term stock reaction to the continued losses and the new auditor appointment.