Aro Granite Industries Limited has informed the Exchange about the Appointment of Secretarial Auditor of the Company
AROGRANITE · price
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Awaiting price reaction for this filing.
Aro Granite Industries' board, at its May 16, 2025 meeting, approved the audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified (clean) opinion. Revenue from operations fell sharply to Rs 12,309.05 lakhs in FY25 from Rs 15,509.48 lakhs in FY24, a decline of about 20.6%. The company swung from a profit of Rs 131.40 lakhs in FY24 to a loss of Rs 642.28 lakhs in FY25, translating to negative EPS of Rs (4.07) versus Rs 0.89 earlier. Total borrowings declined to Rs 15,964.64 lakhs and operating cash flow stayed positive at Rs 3,301.27 lakhs, indicating some balance-sheet deleveraging. The board also reappointed M/s Sreekantha & Co. as Internal Auditors for FY26 and appointed M/s S Panigrahi & Associates as Secretarial Auditor for a five-year term starting FY26, subject to shareholder approval.
The steep revenue drop and full-year loss are clearly negative for shareholders and likely to weigh on the stock in the near term, though the clean audit opinion and positive operating cash flow partly cushion the blow. Existing investors should expect weak sentiment; prospective investors may wait for signs of revenue recovery before taking exposure.