Sutlej Textiles and Industries Limited announced the outcome of its Board meeting held on 9 May 2025.
- The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended 31 March 2025.
- For the financial year ended 31 March 2025, the company reported a Standalone Net Loss of ₹84.20 crore, significantly reduced from a loss of ₹134.61 crore in the previous year (FY24). Standalone revenue from operations for FY25 was ₹2,642.36 crore, compared to ₹2,671.72 crore in FY24.
- On a Consolidated basis, the Net Loss for FY25 stood at ₹68.40 crore, also reduced from a loss of ₹135.56 crore in FY24. Consolidated revenue from operations for FY25 was ₹2,676.76 crore, compared to ₹2,703.20 crore in FY24.
- Standalone results for FY25 included an exceptional item of ₹22.70 crore related to impairment loss on investment in a wholly owned subsidiary.
- The Board also approved the appointment of M/s. CSM & Co., Company Secretaries, as Secretarial Auditors of the Company for a period of five consecutive years from FY 2025-26 to FY 2029-30, subject to approval by shareholders at the ensuing Annual General Meeting.