AYM Syntex Limited has informed the Exchange regarding Outcome of Board Meeting held on May 10, 2025.
AYMSYNTEX · price
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AYM Syntex reported its audited FY25 results with revenue from operations rising to Rs 1,48,900 lakhs from Rs 1,35,816 lakhs in FY24, a growth of about 9.6%. Profit before tax (after an exceptional item charge of Rs 1,094 lakhs related to insurance claim adjustments from the May 2023 fire) stood at Rs 1,937 lakhs versus Rs 132 lakhs last year. Standalone profit after tax jumped to Rs 1,164 lakhs from Rs 204 lakhs, lifting EPS to Rs 2.13 from Rs 0.40. During the year, the company raised Rs 14,176 lakhs via a preferential share issue at Rs 182.50 per share and used part of the proceeds to cut borrowings. The board also approved a merger scheme with holding company Mandawewala Enterprises Limited (pending SEBI/exchange approvals) and appointed Mr. Hitesh Gupta as Secretarial Auditor for five years. Price Waterhouse issued an unmodified/unqualified opinion on both standalone and consolidated results.
Strong PAT recovery, improved margins, and significantly de-levered balance sheet are positive for shareholders, though the headline FY25 PAT is flattered by a low prior-year base that included a fire-related charge. Watch for the merger scheme progress and continued recovery of remaining insurance claims.