Integrated filing (Financial) for the Quarter and Year ended on 31st March, 2025.
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Yarn Syndicate Limited filed its audited standalone and consolidated financial results for Q4 and FY ended 31st March 2025. On a standalone basis, revenue from operations surged to Rs 4,961.41 lakhs in FY25 from Rs 251.53 lakhs in FY24, while net profit jumped to Rs 137.15 lakhs from Rs 8.08 lakhs, with basic EPS rising to Rs 1.08 from Rs 0.10. On a consolidated basis, revenue grew to Rs 5,415.97 lakhs, but the company reported a net loss of Rs 129.15 lakhs for FY25 due to a share of loss of Rs 182.19 lakhs from its associate Stitched Textiles Limited. Stitched Textiles ceased to be a subsidiary from 8th June 2024 after Yarn Syndicate's stake dropped from 50.82% to 49.82%. Statutory auditor SSRV & Associates issued an unmodified opinion on both sets of results. Operating cash flow was negative at Rs 86.10 lakhs standalone and Rs 502.28 lakhs consolidated. The company also disclosed multiple related-party transactions with director-linked entities.
Standalone performance shows a dramatic turnaround with sharply higher revenue and profits, which is positive for shareholders. However, the consolidated loss, negative operating cash flows, and continued reliance on related-party transactions may concern investors. The shift of Stitched Textiles from subsidiary to associate has weakened the consolidated earnings picture despite strong standalone growth.