Audited Financial Results for the quarter and financial year ended 31.03.2025 as passed and adopted by the board in its meeting held on 21.05.2025.
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Ashirwad Steels & Industries reported audited results for the quarter and year ended March 31, 2025, approved at the board meeting on May 21, 2025. Total income for FY25 stood at Rs 429.94 lakh, slightly down from Rs 439.94 lakh in FY24, mainly because revenue from operations fell about 13% to Rs 249.49 lakh from Rs 287.42 lakh, while other income rose to Rs 180.45 lakh. Profit after tax was Rs 229.66 lakh versus Rs 225.51 lakh in the previous year, with EPS at Rs 1.84 against Rs 1.80. The statutory auditor M/s C.K. Chandak & Co. issued an unmodified (clean) opinion on the results. The board also approved convening the 39th AGM on July 10, 2025 and appointed M/s RSG & Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30.
For shareholders, the results are neutral-to-mildly-negative: the core operating revenue shrank double-digits, but higher investment-related other income and lower costs kept profits broadly flat. Investors should note that the company has shifted focus to lending and investments, so reported earnings will be heavily influenced by market-linked income rather than traditional steel operations.