Audited Financial Results for the Financial year ended 31st March 2025
Awaiting price reaction for this filing.
Udaipur Cement Works reported FY25 revenue from operations of ₹1,472.48 Cr, up 26.5% from ₹1,163.59 Cr in FY24. EBITDA grew to ₹241.54 Cr from ₹196.89 Cr, though EBITDA margin slipped marginally to about 16.4% from 16.9%. Profit after tax fell sharply to ₹9.03 Cr from ₹57.54 Cr (restated), though Q4 FY25 was strong on its own with PAT of ₹38.64 Cr. Auditor S S Kothari Mehta & Co. LLP issued an unmodified opinion, but flagged an Emphasis of Matter related to a restatement of prior period figures (about reassessing the equity component of a compound financial instrument), which reduced previously reported FY24 profit by ₹5.34 Cr. The Board also reiterated that a Scheme of Amalgamation into JK Lakshmi Cement (the holding company) with an appointed date of 1st April 2024 is pending regulatory approvals.
Strong revenue growth is a positive, but the sharp drop in full-year PAT and shrinking margins may weigh on the stock. Pending the amalgamation with the holding company JK Lakshmi Cement, shareholders should track regulatory approvals closely as the scheme remains the key overhang.