Agro Phos India Limited has informed the Exchange regarding Board meeting held on Jun 05, 2025.
AGROPHOS · price
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The Board of Directors of Agro Phos India Limited, at its meeting held on June 5, 2025, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, along with the auditors' report. The statutory auditors (M/s Ashok Khasgiwara & Co. LLP) issued an unmodified opinion on the results. On a standalone basis, Profit After Tax for FY25 stood at Rs 244.27 lakhs versus Rs 276.52 lakhs in FY24, with revenue from operations marginally declining to Rs 11,158.94 lakhs from Rs 11,495.01 lakhs. On a consolidated basis, the company swung to a loss with PAT of negative Rs 583.42 lakhs in FY25 against a profit of Rs 888.00 lakhs in FY24, largely driven by the associate company Shri Tulsi Phosphate Limited. The company also voluntarily changed its accounting policy for recognition of DBP subsidy, now recognizing it at the point of buyer control rather than on sale, with restatement of prior period figures.
Shareholders should note the swing to a consolidated loss of Rs 583.42 lakhs and the decline in standalone PAT, partially offset by an unmodified audit opinion. The voluntary change in subsidy recognition policy may affect year-on-year comparability and will require investors to review the reconciliation provided.