Approval Audited Financial Results(Standalone and Consolidated)for quarter and year ended 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SVA India's board approved audited standalone and consolidated results for the quarter and year ended March 31, 2025. The auditor (NBS & Co) issued a qualified opinion on both sets of results because the company did not comply with Ind AS-19 (Employee Benefits), meaning no provision has been made for employee benefit obligations. On a standalone basis, total income fell to ₹223.72 lakhs from ₹260 lakhs the previous year, mainly due to a sharp drop in operating revenue (₹76.16 lakhs vs ₹135.82 lakhs). However, the company swung to a net profit of ₹61.92 lakhs (vs a loss of ₹9.45 lakhs) thanks to much lower expenses and higher other income. On a consolidated basis, total profit (including share of associates) came in at ₹159.34 lakhs, down from ₹278.72 lakhs, mainly because the share of profit from associates fell sharply to ₹96.65 lakhs from ₹288.17 lakhs. The balance sheet shows long-term borrowings of ₹1,050 lakhs, which exceed total equity of ₹949 lakhs, indicating a high debt-to-equity ratio.
The auditor's qualified opinion is a red flag, though limited to a specific compliance issue around employee benefit provisioning. Shareholders get mixed signals: standalone operations swung to profit but core operating revenue declined sharply, and the company is more leveraged than equity-funded, while associate companies continue to drive most consolidated earnings.