Audited financial results for the quarter and financial year ended 31st March 2025
Awaiting price reaction for this filing.
Umang Dairies reported a sharp revenue decline for FY25, with revenue from operations falling to ₹22,812.39 lakhs from ₹28,619.33 lakhs in FY24, a drop of roughly 20%. The company slipped into a pre-tax loss of ₹17.24 lakhs against a profit of ₹138.41 lakhs last year, but reported a small net profit of ₹61.18 lakhs due to a deferred tax credit of ₹78.42 lakhs, taking EPS to ₹0.28 vs ₹0.61 in FY24. Q4 was weak with net profit of ₹80.03 lakhs versus ₹633.41 lakhs in the year-ago quarter. Operating cash flow turned sharply negative at ₹(1,746.63) lakhs compared to a positive ₹1,869.99 lakhs last year, as inventories nearly doubled to ₹6,226.50 lakhs. The auditor (Singhi & Co.) issued an unmodified opinion. Note: a Scheme of Arrangement for demerger of the dairy business into Panchmahal Properties and amalgamation of the residual business into parent BACL has been sanctioned by the courts but is not yet effective.
Negative for shareholders in the near term — falling revenues, a pre-tax loss, and negative operating cash flow point to operational stress, while the pending demerger-cum-amalgamation scheme means the standalone dairy business profile could change materially once implemented.