Aakash Exploration Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
AAKASH · price
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Awaiting price reaction for this filing.
The board of Aakash Exploration Services approved audited financial results for Q4 and full year ended March 31, 2025. Full-year revenue from operations rose to Rs 9,818.89 lakhs (vs Rs 9,223.26 lakhs in FY24), but profit after tax fell sharply to Rs 184.08 lakhs (vs Rs 620.57 lakhs), with EPS dropping to Rs 0.18 from Rs 0.61. The decline in profitability was driven by higher employee costs (Rs 3,286 lakhs vs Rs 2,916 lakhs) and increased other expenses, despite the topline growth. The statutory auditor (Parikh Shah & Associates) issued an unmodified opinion. The board also re-appointed Bimal Shah Associates as Internal Auditor for FY26 and appointed Suthar & Surti as Secretarial Auditor for a 5-year term.
Sharp ~70% drop in annual profit despite revenue growth is a concern for shareholders and may weigh on the stock. However, a clean audit opinion and stable auditor appointments suggest no governance red flags. Investors will likely focus on the margin compression and rising cost base going forward.