Standalone & Consolidated Audited Financial Results of the Company for the quarter and year ended 31st March, 2025.
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Bengal Steel Industries reported a sharp rise in profits for FY25 despite very small operations. Standalone total revenue grew about 28% to Rs. 61.54 lakhs (from Rs. 48 lakhs in FY24), while net profit more than doubled to Rs. 17.91 lakhs (from Rs. 7.78 lakhs). Q4 standalone net profit was Rs. 6.47 lakhs versus Rs. 2.09 lakhs a year ago. Consolidated results were similar, with FY25 net profit of Rs. 17.53 lakhs and EPS of Rs. 0.36. The balance sheet remains debt-free with equity of Rs. 1,006 lakhs and cash on hand tripling to Rs. 106 lakhs. Operating cash flow jumped to Rs. 70.59 lakhs, though a large part came from a reduction in 'other non-current assets' rather than core operations. The statutory auditor (S. Ghose & Co LLP) issued a clean, unmodified opinion on both sets of results.
Strong percentage growth in profit looks impressive, but the base is very small (revenue under Rs. 60 lakhs) and the company appears to have minimal business activity, so this is unlikely to move the stock materially. The clean audit, debt-free status, and rising cash balance are positive signs, but investors should note that operating cash flow benefited from a one-off reduction in other non-current assets.