BEEKAY · price
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Awaiting price reaction for this filing.
The Board of Directors of Beekay Steel Industries Ltd approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Statutory auditor Rustagi & Associates issued an unmodified (unqualified) opinion on both sets of results. Standalone revenue from operations grew to Rs. 1,06,066.77 lakhs (vs Rs. 95,047.35 lakhs in FY24, ~12% growth), but profit after tax fell sharply to Rs. 1,725.00 lakhs (vs Rs. 13,858.33 lakhs in FY24), an ~88% decline. Basic EPS dropped to Rs. 9.08 from Rs. 72.94. The Board recommended a dividend of Rs. 1 per share (10% on face value of Rs. 10) for FY25, subject to shareholder approval. Mr. Santosh Kumar Tibrewalla was appointed as Secretarial Auditor for a five-year term from FY26 to FY30.
The 10% dividend is a positive return for shareholders, but the steep ~88% drop in full-year profit despite modest revenue growth signals serious margin compression — likely due to higher raw material, power and finance costs in the steel sector. This may weigh on the stock despite the clean audit report and dividend announcement.