Approval Audited Financial Results(Standalone and Consolidated) for quarter and year ended 31.03.2025
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SVA India Ltd reported FY25 total income of Rs. 223.72 lakhs versus Rs. 260.00 lakhs in FY24, with revenue from operations falling sharply to Rs. 76.16 lakhs from Rs. 135.82 lakhs (a ~44% YoY decline). Standalone PAT swung to a profit of Rs. 61.92 lakhs from a loss of Rs. 9.45 lakhs in FY24, but Q4 standalone PAT was a loss of Rs. 54.38 lakhs versus a profit of Rs. 67.36 lakhs in Q4 FY24. Consolidated PAT after share of associates fell to Rs. 159.34 lakhs from Rs. 278.72 lakhs. The auditor (NBS & Co.) issued a Qualified Opinion citing non-compliance with Ind AS-19 on employee benefits, despite the company declaring an unmodified opinion in its board filing. Total borrowings stand at ~Rs. 1,427.55 lakhs against equity of Rs. 949.12 lakhs (D/E ~1.5x), though operating cash flow was healthy at Rs. 397.82 lakhs.
Despite an annual profit on paper, the sharp drop in core revenue, weak Q4 standalone performance, qualified audit opinion on employee benefit provisioning, elevated debt levels, and auditor change are red flags that may weigh on investor sentiment. Shareholders should watch for improvement in core operating revenue and resolution of the Ind AS-19 non-compliance in upcoming filings.