Approved and took on record Audited Financial Results and Auditors Report for the quarter/year ended 31-03-2025
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Austin Engineering Company Ltd's board, at its meeting on 29 May 2025, approved the audited standalone and consolidated financial results for the quarter and full year ended 31 March 2025. The company operates in two segments — Bearings and Wind Turbine Power Generation — and consolidates its wholly-owned US subsidiary, Austin Engineering Company U.S.A. The statutory auditors, J.C. Ranpura & Co., Chartered Accountants (Rajkot), issued an unmodified (clean) opinion on both the standalone and consolidated results. The company also filed a declaration confirming the unmodified opinion as required under SEBI LODR Regulation 33(3)(d). Based on the consolidated cash flow statement, the company generated positive cash from operating activities during the year.
Clean, unmodified audit opinion with no qualifications reassures shareholders about the reliability of the financials. The company continues to be cash-flow positive from operations and has an overseas subsidiary contributing to consolidated revenue, which is broadly neutral-to-positive for the stock.