Sharika Enterprises Ltd — Board Meeting, 28-05-2025: Board Meeting

Sharika Enterprises Limited has announced a board meeting held to approve the financial results for the quarter and half-year ended 31 March 2025. The standalone and consolidated results, audited with an unmodified opinion by R D V & Associates, reflect revenue from operations of Rs. 79.50 Cr and consolidated revenue of Rs. 81.71 Cr for the year. The standalone profit after tax stood at Rs. 0.97 Cr, while the consolidated profit after tax was Rs. 5.09 Cr. Management confirmed the appropriateness of carrying value for its Rs. 5.66 Cr investment in subsidiary Sharika Spintech Private Limited, backed by a strategic collaboration expected to enhance tech integration. The company operates mainly in the EPC business for electrical cables, capacitors, wires, and turnkey projects, with a single reportable segment. The consolidated results now include a 60% acquisition of Contronics Switchgear India Private Limited.