Sadhav Shipping Limited — Important, 11-12-2024: Updates

Sadhav Shipping Ltd. has provided clarification regarding queries on its financial results. The company reported that the results for the quarter ended September 2024 were submitted in machine-readable form on November 12, 2024, and will be resubmitted as requested. Additionally, it clarified that under the applicable regulations, it does not need to disclose a statement of deviation concerning the use of issue proceeds, as these were fully utilized by March 31, 2024. As a result, the specific circular cited in the query does not apply to Sadhav.

The standalone results for the half-year ended September 30, 2024, reflect a total revenue from operations of ₹3,758.44 million, up from ₹3,368.91 million in the previous half-year. Total income rose to ₹3,784.25 million, with a profit before tax of ₹667.92 million compared to ₹543.84 million a year earlier. The net profit for the period was ₹455.07 million, leading to an earnings per share (EPS) of ₹3.17.

The company shows a strong balance sheet with total assets of ₹22,889.97 million and equity of ₹9,256.28 million, suggesting solid financial health. Overall, Sadhav Shipping is on a positive trajectory with continued growth in financial performance.