Audited Financial Results for the half year and financial year ended 31st March, 2025
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AIK Pipes and Polymers, a Rajasthan-based HDPE pipes manufacturer, declared its audited results for FY25 along with the half-year ended March 31, 2025. Revenue from operations fell sharply to ₹2,509.70 lakhs from ₹3,727.25 lakhs in FY24, a drop of about 33%. Profit after tax also declined steeply to ₹127.68 lakhs from ₹341.16 lakhs (~63% fall), with EPS slipping to ₹2.01 from ₹6.69. The second half was particularly weak — H2 FY25 PAT was just ₹7.25 lakhs versus ₹120.41 lakhs in H1, indicating a steep sequential slowdown. The statutory auditor (R P Khandelwal & Associates) issued an unmodified (clean) opinion, and the company also appointed a new Secretarial Auditor and re-appointed its Internal Auditor. Cash flow from operations turned positive at ₹43.17 lakhs (versus a large negative in FY24).
Weak operating performance with a steep drop in both revenue and profits is likely to be viewed negatively by investors. However, the clean audit report, unchanged equity base, and improved operating cash flow offer some stability, though the sharp H2 slowdown is a key concern.