Inter alia, approved the Standalone Audited Financial Statements for the financial year ended March 31, 2025 and the Standalone Audited Financial Results for the quarter and year ended March 31, 2025.
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The board approved Baroda Rayon Corporation's audited standalone results for Q4 and FY ended March 31, 2025. Revenue from operations jumped 30% year-on-year to ₹9,960 lakhs, driven entirely by the real estate segment (sale of plots and industrial units); the textile segment remains shut since August 2008. Net profit rose 18% to ₹4,035 lakhs, aided by exceptional items of ₹1,132 lakhs — including ₹857 lakhs forfeited from strategic investors who failed to bring funds under the BIFR rehabilitation scheme and ₹275 lakhs written off for liabilities no longer payable. EPS (basic) climbed to ₹17.61 from ₹14.94. The auditor issued an unmodified opinion but flagged an Emphasis of Matter on the BIFR rehabilitation delays and the settlement of overdue secured loans of ₹6,322 lakhs via a Debt Settlement Agreement dated March 8, 2025. The company also appointed M/s Patel & Associates as internal auditor for FY26 and a new secretarial auditor for FY26–FY30.
Strong headline growth, but profits are propped up by exceptional items and depend almost entirely on real estate sales. The debt settlement is a positive step toward resolving the long-pending BIFR rehabilitation, though ongoing dependence on a single segment and uncertain revival of textiles remain risks for shareholders.