Financial Performance Overview
Superhouse Limited reported strong financial results for FY 2024-25, with standalone net profit growing 64% to ₹12.96 crores on revenue of ₹504.91 crores. Consolidated performance showed revenue of ₹664.99 crores and net profit of ₹765.62 lakhs, though this represented a decrease from the previous year. The company achieved exceptional profit of ₹620.17 lakhs from sale of land and building as part of operational restructuring.
Segment Performance and Operations
The company operates in two main segments: Leather and Leather Products (₹60,081.51 lakhs revenue) and Textile Garments (₹7,633.24 lakhs revenue, showing 18.66% growth). Export revenue reached ₹328.94 crores, and the company received multiple export excellence awards including National Export Excellence Awards for Harness & Saddlery and overall leather products performance.
Dividend and Corporate Actions
The Board recommended a final dividend of ₹0.80 per equity share, maintaining the same payout as the previous year, amounting to ₹88.20 lakhs including tax. This is subject to approval at the 45th Annual General Meeting scheduled for September 30, 2025.
Related Party Transactions and Governance
The company disclosed extensive related party transactions totaling ₹3,035.60 lakhs in purchases and ₹1,898.53 lakhs in sales to related entities. Key management personnel remuneration totaled ₹610.41 lakhs, representing an increase from the previous year. The company maintained compliance with SEBI Listing Regulations despite minor filing delays.
Auditor Qualifications and Subsidiary Issues
Auditors issued qualified opinions primarily related to wholly-owned Spanish subsidiary Linea De Seguridad S.L.U. Key issues included inability to verify stock records, questions about recoverability of €623,033 tax credits, €175,634 of non-provisioned bad debts, and improper recording of €22,954 tax liability. Management provided explanations stating no material impact on financial statements.
Capital Structure and Borrowings
Total borrowings stood at ₹21,118.30 lakhs, with secured borrowings of ₹19,238.18 lakhs. The company maintained a promoter holding of 54.88% and had significant foreign currency exposure with trade receivables in USD, EURO, and GBP.
Annual General Meeting and E-Voting Arrangements
The 45th AGM will be held on September 30, 2025, at the company's Kanpur office. Remote e-voting is available through NSDL platform from September 26-29, 2025, with cut-off date set as September 23, 2025. The meeting will consider reappointment of key managerial personnel including Chairman & MD Mukhtarul Amin and Joint MD Zafarul Amin for 3-year terms.
Regulatory Compliance and Corporate Governance
The company has complied with SEBI Listing Regulations and Companies Act requirements. CSR expenditure of ₹50.12 lakhs exceeded the requirement of ₹49.89 lakhs. Several resolutions are proposed for shareholder approval including director appointments and amendments to Articles of Association.