Revised Submission of Audited Financial Results for the year ended March 2025
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Awaiting price reaction for this filing.
Sylph Technologies has re-filed its audited financial results for the year ended March 31, 2025, after realising that segment-wise results were left out of the earlier submission. Gross figures remain unchanged. Total revenue collapsed to ₹242.45 lakhs from ₹1,616.00 lakhs in the previous year — an 85% year-on-year drop. The company reported a net loss of ₹92.81 lakhs versus a ₹51.46 lakh loss last year, with EPS at ₹(0.03). Despite the loss, operating cash flow turned sharply positive at ₹1,710.62 lakhs compared to a ₹6,300.55 lakh outflow the previous year. The statutory auditor issued an unmodified opinion but flagged an 'Emphasis of Matter' on three issues: interest not provisioned on unsecured loans taken, interest income not booked on loans and advances given, and pending confirmations/reconciliations on trade receivables, payables, and loan balances.
Negative for shareholders — the steep revenue decline, continued losses, and auditor's emphasis on unreconciled balances and missing interest accounting signal weak operations and bookkeeping concerns. The stock is likely to face selling pressure given the deteriorating top line.