Dear Shareholders,
It is my privilege to present to you the Annual Report of Sumedha Fiscal Services
Limited for the financial year 2024-25.
The past year has been one of transitions and learnings—not just for businesses,
but for economies and societies at large. Globally, we witnessed continued recalibration
across financialmarkets amid inflationary pressures, evolving geopolitical alignments, and
the cautious yet persistent tightening of monetary policy by key central banks. Closer
home, India remained a relative bright spot. Aided by domestic demand resilience, prudent
fiscal management, and a strong banking system, the country maintained its position as one
of the fastest-growing large economies in the world.
These developments reaffirmed the importance of agility, foresight, and purpose-led
decision-making—qualities that we have continued to embed within the DNA of Sumedha
Fiscal Services Limited.
Financial Performance
During FY 2024-25, your Company reported a 10% year-on-year growth in
consolidated revenues, which increased from Rs.9,662 lakhs to Rs.10,620 lakhs. While
we saw a modest dip in net profit to Rs.728 lakhs (from Rs.765 lakhs last year),
primarily on account of rising input and compliance-related costs, we maintained a healthy
earnings per share of Rs.9.12. These results reflect not just business resilience
but also a disciplined approach to sustainable value creation.
Strategic Direction and Focus
We continued to deepen our presence in our core areas of investment banking, merchant
banking, debt syndication, restructuring, and corporate advisory services. At a time when
businesses across sectors are navigating transformation—be it through consolidation,
digital acceleration, or strategic reorganisation—we remain a trusted partner,
offering bespoke solutions grounded in knowledge, relationships, and integrity.
FY 2024-25 saw us undertake several mandates that demanded nuanced understanding of
industry dynamics and regulatory frameworks. Our teams responded with a solutions-first
mindset, embodying our tagline—Adding Values to Value.
We also invested in strengthening internal systems, sharpening risk management
protocols, and building capacity to serve a more complex and sophisticated client base.
Our focus remains on enhancing operational efficiency while maintaining our uncompromising
standards of governance and transparency.
The Broader Context
The world we operate in is no longer defined by just profit and performance.
Stakeholders today expect institutions to stand for resilience, responsibility,
sustainability and relevance. We view this shift not as a challenge but as an
opportunity—an opportunity to make capital more conscious, advice more contextual,
and outcomes more sustainable.
As India progresses toward a $5 trillion economy, with increased emphasis on
infrastructure, manufacturing, digitalisation, and inclusive growth, we see ample headroom
to grow. Our role as a mid-sized, specialised boutique financial services firm is to
support this transformation—by enabling capital mobilisation, fostering
entrepreneurship, and guiding corporate India through its pivotal transitions. Our
Commitment to You
To our shareholders, I want to convey a message of clarity and conviction. We are
conscious of the trust you place in us—not just in financial terms, but in terms of
vision and leadership. Our approach continues to be conservative yet growth-oriented, bold
yet balanced.
Looking ahead, we are sharpening our strategies to navigate an increasingly dynamic
landscape—strengthening sectoral depth, leveraging technology, nurturing
leadership, training manpower and deepening client engagement. While macro uncertainties
may persist, we are confident in our fundamentals and determined in our pursuit fcf
long-term stakeholder value.
In Closing
On behalf of the Board of Directors, I thank each member of the Sumedha team for their
dedication, and every stakeholder for their continued confidence in us. As always, your
support fuels our ambition and defines our responsibility.
With shared purpose, enduring resilience, and hope in our hearts, let's march forward
towards a Viksit Bharat.
Warm Regards
Vijay Maheshwari Chairman