Swadeshi Polytex Reports Sharp Decline in FY2025 Profit Amid Revenue Slump
Swadeshi Polytex Limited experienced a significant financial downturn in FY2025. Net profit plummeted 97.26% to Rs 226.06 crore from Rs 8,249.04 crore in FY2024. Revenue from operations fell 99.60% to Rs 40.00 crore. EPS decreased to Rs 0.58 from Rs 21.15. The company reported a quarterly net loss of Rs 50.40 crore for Q4 FY2025. Despite the decline, total assets increased to Rs 11,539.32 crore. The Board approved the Director's Report and AGM plans. Auditors provided an unmodified opinion on the financial results.
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Swadeshi Polytex Limited, a real estate company, has reported a significant drop in its financial performance for the fiscal year 2025 (FY2025). The company's board approved the audited financial results on May 23, 2025, revealing a substantial decline in both revenue and profit compared to the previous year.
Financial Highlights
- Net Profit: The company's net profit for FY2025 stood at Rs 226.06 crore, marking a steep 97.26% decline from Rs 8,249.04 crore in FY2024.
- Revenue: Revenue from operations plummeted to Rs 40.00 crore in FY2025, down from Rs 9,925.66 crore in the previous year, representing a 99.60% decrease.
- Earnings Per Share (EPS): EPS fell sharply to Rs 0.58 in FY2025 from Rs 21.15 in FY2024.
Quarterly Performance
For the quarter ended March 31, 2025:
- The company reported a net loss of Rs 50.40 crore, compared to a profit of Rs 24.25 crore in the same quarter of the previous year.
- Revenue for the quarter was Rs 10.00 crore, compared to no revenue in the corresponding quarter of FY2024.
Balance Sheet Overview
As of March 31, 2025:
| Metric | FY2025 (Rs crore) | FY2024 (Rs crore) |
|---|---|---|
| Total Assets | 11,539.32 | 11,222.89 |
| Equity Share Capital | 390.00 | 390.00 |
| Other Equity | 10,712.24 | 10,484.65 |
Management Actions
The Board of Directors has approved the Director's Report for FY2025 and plans for the upcoming Annual General Meeting. The company operates primarily in the real estate segment.
Auditor's Report
Sanmarks & Associates, the statutory auditors, have provided an unmodified opinion on the audited financial results for FY2025.
Outlook
While Swadeshi Polytex Limited faced significant challenges in FY2025, as evidenced by the sharp decline in revenue and profit, the company maintains a strong balance sheet. The dramatic reduction in revenue suggests a major shift in business operations or market conditions, which may require further explanation from the management.
Investors and stakeholders will likely be keen to understand the factors behind this substantial decline and the company's strategies for recovery in the coming fiscal year.
Historical Stock Returns for Swadeshi Polytex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.43% | -5.26% | +14.05% | +11.82% | -37.35% | +1,007.35% |
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