Annual Report of the Company for the financial year 2024-25.
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Bengal Steel Industries Ltd has filed its Annual Report for FY 2024-25 along with the notice for the 78th AGM scheduled on September 25, 2025. Total income rose to Rs. 61.54 lakhs from Rs. 48.00 lakhs in the previous year, a growth of about 28%. Net profit after tax jumped sharply to Rs. 17.91 lakhs from Rs. 7.78 lakhs, more than doubling year-on-year. The board has not recommended any dividend and plans to retain earnings for business strengthening. The statutory auditor (S. Ghose & Co. LLP) issued an unmodified opinion but flagged an emphasis of matter regarding depreciation being charged on the composite cost of Land & Building using the reducing balance method. The company operates in steel manufacturing, fabrication, real estate and allied services, and is exploring ways to improve long-term operations.
The strong revenue and profit growth is positive for shareholders, though the absolute numbers are small and no dividend is being paid. The auditor's emphasis of matter is a minor disclosure and does not impact the clean audit opinion, so no immediate negative effect on the stock is expected.