APPROVAL OF FINANCIAL STATEMENT FOR THE YEAR AND QUARTER ENDED 31.03.2025
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The Board of Svam Software Ltd approved the audited financial results for the quarter and year ended 31 March 2025. The company posted a loss after tax of Rs 22.37 lakh for FY25, compared to a profit of Rs 8.45 lakh in FY24, with basic EPS turning negative at Rs (0.132) vs Rs 0.050 earlier. Revenue from operations collapsed sharply to Rs 2.25 lakh from Rs 25.76 lakh in the previous year. Total expenses stood at Rs 44.67 lakh, pushing the company into a pre-tax loss of Rs 22.25 lakh. Total assets dipped marginally to Rs 1,946.72 lakh (from Rs 2,038.52 lakh), while net worth remained around Rs 1,939 lakh. Statutory auditor GAMS & Associates LLP issued a modified (qualified) opinion because the company's accounting software lacks an audit trail (edit log) feature, a qualification that has appeared for the second consecutive year; management said it is upgrading the software.
Shareholders should note the swing to a full-year loss and steep drop in operating revenue, which raises concerns about business sustainability despite a positive net worth and no debt. The qualified audit opinion is a recurring governance flag, though management states the issue is non-financial and being addressed through a software upgrade.