An intimation of outcome of board meeting held on 21st may, 2025 to consider Audited Financial results for the period ended 31st March 2025.
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Ashish Polyplast's board approved audited financial results for Q4 and full year ended March 31, 2025. Full-year revenue from operations rose marginally to Rs. 1,601.44 lakhs from Rs. 1,594.13 lakhs, but net profit collapsed to Rs. 24.78 lakhs from Rs. 84.16 lakhs (~71% drop). Q4 FY25 swung to a net loss of Rs. 39.87 lakhs, driven largely by a Rs. 47.74 lakh mark-to-market loss on mutual fund investments. EPS for the year fell to Rs. 0.73 from Rs. 2.48. Operating cash flow remained positive at Rs. 61.15 lakhs, though lower than Rs. 171.88 lakhs in FY24. The statutory auditor (M.R. Pandhi & Associates) issued an unmodified opinion. The board also considered reappointment of statutory auditors and appointed M/s. Kamlesh M Shah & Co. as secretarial auditors for five years.
Weak quarterly results and sharp annual profit decline signal margin compression, though the loss stems mainly from one-time MTM losses on investments rather than core operations. Shareholders may see muted near-term sentiment given the steep earnings drop, but the unmodified audit opinion and positive cash flow provide some reassurance on fundamentals.