Submission of Audited Results 31.03.25
BEEKAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Beekay Steel Industries submitted its audited financial results for the quarter and full year ended March 31, 2025, along with the auditor's report. The Board recommended a 10% dividend (Re. 1 per share on Rs. 10 face value) for FY 2024-25, subject to shareholder approval. Statutory auditors Rustagi & Associates issued an unmodified (unqualified) opinion on both standalone and consolidated results. On a consolidated basis, profit after tax grew strongly year-on-year, with basic EPS rising from Rs. 46.44 to Rs. 68.06 (~47% growth), aided by contribution from associate company AKC Steel Industries. However, standalone performance weakened — basic EPS fell from Rs. 57.20 to Rs. 47.38, indicating a decline in core standalone earnings. Operating cash flow improved to Rs. 14,691 lakhs (vs Rs. 12,889 lakhs in FY24). The company also appointed Mr. Santosh Kumar Tibrewalla as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30.
Positive for shareholders on the back of the dividend announcement and strong consolidated profit growth driven by associate earnings, though standalone business showed a notable earnings decline. A clean audit opinion removes near-term governance concerns, but investors should watch standalone profitability trends closely.