Bharat Wire Ropes Limited has informed the Exchange regarding Board meeting held on May 19, 2025.
BHARATWIRE · price
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Bharat Wire Ropes Limited's board met on May 19, 2025 and approved audited financial results for Q4 and FY ended March 31, 2025 with an unmodified auditor opinion. Full-year revenue from operations stood at Rs. 619.32 crore (down marginally from Rs. 621.84 crore in FY24), while net profit fell to Rs. 72.44 crore from Rs. 96.34 crore, a decline of about 25%. Q4 FY25 revenue grew 16.8% year-on-year to Rs. 171.83 crore, but Q4 net profit dipped slightly to Rs. 20.65 crore. EPS for FY25 came in at Rs. 10.60 versus Rs. 14.17 last year. The board also recommended a final dividend on 38,266 unlisted 0.01% Compulsorily Convertible Preference Shares (CCPS), which does not extend to equity shareholders. New internal, cost, and secretarial auditors were appointed, Independent Director Mr. Shiv Kumar Malu resigned effective May 19, 2025, and the Audit, Nomination & Remuneration, and Fund Raising committees were reconstituted.
Mixed signals for shareholders: full-year profit contracted sharply despite stable revenue, but Q4 revenue showed strong year-on-year growth. No equity dividend declared, and an independent director exit may raise minor governance concerns. Investors should watch for the detailed results, the reason behind the FY25 profit decline, and any fundraising activity hinted at by the reconstituted Fund Raising Committee.