Outcome of Board Meeting held on 30th May, 2025
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The Board approved audited financial results for Q4 and FY ended 31st March 2025, with the statutory auditor issuing an unmodified (clean) opinion. Revenue from operations grew modestly to Rs. 4,194.26 lakhs (FY24: Rs. 4,055 lakhs), while profit after tax surged to Rs. 215.90 lakhs from Rs. 85.66 lakhs in FY24, a jump of about 152%. EPS for the year rose to Rs. 10.56 (FY24: Rs. 4.19). The company has decided not to declare any dividend for FY 2024-25. The Board also approved redemption of 1,00,000 6% Non-Cumulative Preference Shares at Rs. 500 each (aggregating Rs. 5 crore) to be paid out of available profits/reserves, and appointed new internal and secretarial auditors for FY 2025-26 onwards.
Strong profit growth and a clean audit report are positive for shareholders, while the absence of a dividend and the Rs. 5 crore preference share redemption may temper near-term shareholder returns. Significant debt reduction (borrowings fell from Rs. 703.50 lakhs to Rs. 150 lakhs) and improved cash position signal a healthier balance sheet.