approved the Financial results 30th june,2025 Approved the 34th directors report with AGM Notice Approved the independent director
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Baroda Extrusion Ltd, which makes copper tubes and bars, reported Q1 FY26 (quarter ended 30 June 2025) revenue of ₹3,805.93 lakhs, up about 15% from ₹3,306.15 lakhs in Q1 FY25. Net profit jumped to ₹88.18 lakhs from just ₹14.23 lakhs a year ago, lifting EPS to ₹0.06. Raw material costs rose to ₹3,681.59 lakhs and finance costs climbed sharply to ₹16.86 lakhs from ₹0.41 lakhs, eating into margins. The statutory auditor issued a 'Qualified Opinion', flagging two issues: an advance of ₹44.65 lakhs taken for goods not delivered within the Section 73 limit, and a ₹292.62 lakh Deferred Tax Asset kept on the books despite negative net worth and past losses — if reversed, quarterly profit would turn into a loss. The Board also fixed the 34th AGM for 30 September 2025, approved the Directors Report and a ₹3,739.99 lakh preferential equity issue (mostly converting a ₹1,999.99 lakh unsecured loan) which is awaiting BSE approval.
The headline profit jump looks strong on the surface, but the auditor's qualified opinion, negative net worth of ₹(3,460.83) lakhs and reliance on a pending preferential issue make this a clear going-concern situation. Shareholders should monitor whether the BSE approves the fund infusion, as it is critical to the company's survival.