To file revised Declaration pursuant to regulation 33 (3) (d) of the SEBI (LODR) Regulation, 2015
Awaiting price reaction for this filing.
Shantai Industries Ltd has submitted its audited standalone financial results for the quarter and full year ended March 31, 2025, along with the auditor's report and a revised declaration (filed June 2, 2025) to correct a company name error in the earlier declaration dated May 30, 2025. Revenue from operations surged to Rs. 2,024.97 lakhs in FY25, up sharply from Rs. 129.19 lakhs in FY24, a roughly 15x jump. The company returned to profitability with a net profit of Rs. 30.63 lakhs for FY25, compared to a loss of Rs. 6.31 lakhs in FY24, lifting basic EPS to Rs. 2.04 from a loss of Rs. 0.42 per share. Statutory auditors M/s DSI & Co. issued an unmodified (clean) opinion on the results. On the balance sheet, total assets nearly doubled to Rs. 1,477.67 lakhs, but trade receivables spiked to Rs. 1,218.81 lakhs (from Rs. 141.89 lakhs) and the company took on Rs. 290 lakhs of new borrowings during the year.
The dramatic revenue growth and return to profitability should be viewed positively by shareholders, and the clean auditor opinion adds credibility. However, the steep rise in trade receivables combined with fresh borrowings points to working-capital and cash-collection concerns that investors should monitor closely.