Birla Cable Limited has informed the Exchange about change in Management for appointment of Messrs P K M B & Co., Chartered Accountants (Firm Registration No. 005311N), as the Internal Auditors of the Company for the financial year 2025-2026.
BIRLACABLE · price
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Birla Cable Limited's Board, at its May 21, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations fell to Rs 66,165 lakhs (vs Rs 68,550 lakhs in FY24), while net profit dropped sharply to Rs 503 lakhs from Rs 2,249 lakhs; EPS declined to Rs 1.68 from Rs 7.50. Consolidated net profit was Rs 489 lakhs (vs Rs 2,214 lakhs). The Board also appointed R.K. Mishra & Associates as Secretarial Auditors for 5 years (FY26–FY30, subject to shareholder approval) and P K M B & Co. as Internal Auditors for FY26. The Board skipped dividend for FY25 to conserve cash for future business needs. Statutory auditor V. Sankar Aiyar & Co. issued an unmodified opinion.
Sharp year-on-year profit decline and the absence of any dividend may be negative for income-seeking shareholders, though the debt reduction (long-term borrowings nearly halved) and continued operations are positives. The auditor appointments are routine governance items and unlikely to move the stock.