Pursuant to Regulation 33 of SEBI Listing Regulations, 2015, please find enclosed the Audited Standalone & Consolidated Financial Results for the quarter and year ended March 31, 2025.
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Bajaj Steel Industries reported FY25 audited results with standalone revenue from operations rising modestly to Rs. 50,837 lacs (vs Rs. 49,371 lacs in FY24). Standalone net profit surged to Rs. 7,615 lacs (vs Rs. 1,977 lacs), boosted by an exceptional item of Rs. 2,652 lacs received as dividend from its US subsidiary Bajaj Coneagle LLC. Core profit before exceptional items and tax grew to Rs. 7,425 lacs (vs Rs. 6,433 lacs), reflecting ~15% growth on a low revenue base. Consolidated revenue declined slightly to Rs. 56,661 lacs (vs Rs. 58,479 lacs), but consolidated net profit jumped to Rs. 8,433 lacs (vs Rs. 1,371 lacs). The board recommended a final dividend of Rs. 1 per equity share. Statutory auditors issued an unmodified opinion. EPS for FY25 stood at Rs. 36.33 (restated for the 3:1 bonus issue completed in November 2024).
Strong earnings delivery, primarily supported by a one-time subsidiary dividend, signals healthy cash generation across the group. Modest top-line growth and a recommended dividend are positives for shareholders, though investors should note that a large share of FY25 profits is non-recurring in nature.