Outcome of Board Meeting Dated May 23,2025
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with a clean (unmodified) auditor opinion from Valawat & Associates. Standalone FY25 revenue fell ~8.2% YoY to Rs. 20,718 lakh and PAT dropped ~49% to Rs. 542.97 lakh (EPS Rs. 0.82 vs Rs. 1.62); consolidated revenue fell ~5.3% to Rs. 21,356.59 lakh with PAT of Rs. 585.14 lakh. The board recommended a small final dividend of Rs. 0.05 per share (face value Rs. 2). It also approved closure (voluntary strike-off) of wholly owned German subsidiary Birla Precision GMBH, which contributed only 0.73% of revenue but had negative net worth. New statutory auditor T R Chadha & Co LLP and secretarial auditor AVS & Associates were appointed for 5 years.
Shareholders should note the sharp YoY decline in both revenue and profits, mainly driven by weaker Tooling segment performance, though Q4 FY25 swung back to a profit and operating cash flow turned positive (Rs. 770 lakh vs negative Rs. 1,045 lakh last year). The minimal dividend and trimming of an underperforming foreign subsidiary suggest a cautious stance, while the appointment of a larger audit firm (T R Chadha) signals governance continuity.