Outcome of Board Meeting dated 30th May 2025.
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The board approved audited FY25 results. On a standalone basis, revenue from operations jumped dramatically to Rs 4,961.41 lakhs (FY24: Rs 247.32 lakhs), with profit after tax rising to Rs 137.15 lakhs (FY24: Rs 8.08 lakhs) and EPS at Rs 1.08. Q4 FY25 standalone revenue was Rs 3,266.52 lakhs versus Rs 247.32 lakhs in Q4 FY24. However, on a consolidated basis, the company swung to a net loss of Rs 129.15 lakhs (FY24 profit: Rs 140.25 lakhs) due to a Rs 182.19 lakh share of losses from its associate, Stitched Textiles Limited. Notably, Stitched Textiles ceased to be a subsidiary on 8 June 2024 as Yarn Syndicate's stake dropped from 50.82% to 49.82%. Both standalone (Rs -86.10 lakhs) and consolidated (Rs -502.28 lakhs) operating cash flows were negative. The auditor, SSRV & Associates, issued an un-modified (clean) opinion on both results.
Massive top-line growth on a standalone basis is a positive signal, but the negative operating cash flow and consolidated-level loss — driven entirely by the deconsolidated associate — will likely weigh on investor sentiment. Shareholders should monitor whether the revenue growth translates into sustainable cash generation and whether the associate's losses continue to drag consolidated earnings going forward.