Outcome of Board Meeting
ANTELOPUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Selan Exploration Technology Limited reported a strong FY25 with revenue from operations (net) rising ~56% to ₹25,808 lakhs from ₹16,560 lakhs in FY24, while net profit more than doubled to ₹7,398 lakhs (vs ₹3,274 lakhs), translating to a basic EPS of ₹48.67 (vs ₹21.54). EBITDA grew ~80% to ₹15,022 lakhs, indicating meaningful margin expansion. Q4 FY25 was also healthy, with net profit of ₹1,593 lakhs (up ~30% YoY) on revenue of ₹6,172 lakhs. The statutory auditor V. Sankar Aiyar & Co. issued an unmodified (clean) opinion, and the company has no long-term borrowings or loan defaults. The board also noted the ongoing composite scheme of arrangement with promoter group entity Antelopus Energy Private Limited, for which the NCLT has reserved its order.
This is a clearly positive filing — sharply higher revenue, profits and margins year-on-year, backed by a clean audit, suggest strong operational performance and likely positive sentiment for the stock. Investors should, however, track the pending NCLT ruling on the Antelopus merger and the large related-party inter-corporate loan (₹4,034 lakhs disbursed so far) as potential overhangs.