BIRLAPREC · price
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Birla Precision Technologies' board approved FY25 audited results showing standalone revenue declining to Rs. 20,718 lakhs (from Rs. 22,577 lakhs in FY24) and profit falling to Rs. 543 lakhs (from Rs. 1,066 lakhs), roughly halving year-on-year. A modest final dividend of Rs. 0.05 per share (2.5% on face value of Rs. 2) was recommended, subject to shareholder approval. The board re-appointed Income Tax, GST, Cost, and Internal Auditors, and appointed T R Chadha & Co LLP as new Statutory Auditor and AVS & Associates as Secretarial Auditor, both for 5-year terms (FY26–FY30). The board also approved voluntary strike-off of wholly-owned German subsidiary Birla Precision GMBH, which contributed only 0.73% of revenue and had negative net worth of Rs. 189 lakhs, with closure expected within 12 months. Insider trading code amendments were also approved.
Weak FY25 performance with profit nearly halving may weigh on the stock, though the dividend declaration and exit from a loss-making foreign subsidiary signal efforts to streamline operations and reward shareholders. The statutory auditor change appears to be a standard 5-year rotation rather than a mid-term resignation.