Annual Report for the Financial Year 2024-25.
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Billwin Industries Limited, a manufacturer of protective gears (rainwear, life jackets, inflatable boats), has filed its 12th Annual Report for FY 2024-25 along with the AGM notice scheduled for 25th September 2025 in Mumbai. Total revenue grew strongly to ₹705.47 Lakhs from ₹495.75 Lakhs in the previous year, an increase of about 42%. However, profit after tax declined to ₹67.94 Lakhs from ₹78.12 Lakhs due to higher expenses of ₹601.99 Lakhs (up from ₹391.35 Lakhs). The company raised ₹6.97 crores via a rights issue of 20.49 lakh equity shares at ₹34 each, increasing paid-up capital to ₹4.18 crores. No dividend has been recommended. The Board is seeking shareholder approval for re-appointment of Managing Director Subrata Dey for 5 years and appointment of Rakesh Gurnomal Rohera as Independent Director. The statutory auditor's report is clean, with no qualifications or adverse remarks.
Strong top-line growth is a positive sign, but the decline in profit after tax despite higher revenue signals margin pressure from rising costs, which investors should monitor. The rights issue has diluted existing shareholders but strengthened the balance sheet. Overall, a mixed report — revenue growth is encouraging, though profitability needs improvement.