Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Board met on May 30, 2025 and approved audited standalone financial results for Q4 and FY ended March 31, 2025. Revenue from operations grew about 25% YoY to Rs 42,162.30 lakhs (FY25) versus Rs 33,722.56 lakhs (FY24), while Q4 revenue jumped roughly 43% to Rs 12,780.87 lakhs. Net profit surged about 207% YoY to Rs 965.02 lakhs (FY25) from Rs 314.56 lakhs (FY24), with basic EPS rising to Rs 16.79 from Rs 5.47. The statutory auditor issued an unmodified (clean) opinion on the results. The Board also approved Related Party Transactions with Ankur Oil Industries, appointed M/s. Bhumika Ranpura & Associates as Secretarial Auditor for five years (FY26 to FY30), and re-appointed Rajendra Natverlal Shah & Co. as Internal Auditor for FY26.
Strong headline turnaround with sharp YoY growth in revenue and profit is positive for shareholders, though investors should note the approved related party transactions with Ankur Oil Industries, which warrant governance scrutiny. Clean audit opinion and operating profit recovery support improved sentiment.