Appointment of M/s. Yogesh D. Dabholkar & Co. as a Secretarial Auditor of the Co.
ASTAR · price
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Asian Star Company reported strong FY25 numbers with consolidated revenue rising to Rs. 3,55,202 lakhs from Rs. 2,91,956 lakhs, and net profit surging to Rs. 7,758 lakhs from Rs. 1,788 lakhs in the prior year, translating to an EPS of Rs. 48.25 versus Rs. 11.66. On a standalone basis, net profit jumped to Rs. 6,554 lakhs (EPS Rs. 40.95) from Rs. 1,652 lakhs (EPS Rs. 10.32). However, Q4 FY25 was weak on a consolidated basis, showing a loss of Rs. 517 lakhs compared to a profit of Rs. 1,190 lakhs in Q4 FY24. The board recommended a dividend of Rs. 1.50 per share (15% on face value of Rs. 10), subject to shareholder approval at the AGM. Additionally, Yogesh D. Dabholkar & Co. was appointed as the secretarial auditor for a five-year term starting FY26, subject to shareholder approval.
The sharp jump in full-year profit and a 15% dividend is positive for shareholders, though the weak Q4 (loss versus profit last year) signals volatility in the diamond/jewellery business and may temper near-term stock enthusiasm. Routine auditor appointment has no material impact.