Outcome of the Board Meeting held on 20th May 2025.
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Black Rose Industries reported strong standalone FY25 results with revenue from operations rising to Rs 33,734.12 lakhs (vs Rs 28,117.10 lakhs in FY24) and net profit climbing to Rs 2,658.96 lakhs (vs Rs 2,042.70 lakhs), a ~30% jump in PAT. EPS stood at Rs 5.21 vs Rs 4.01. However, the standalone operating cash flow swung to a negative Rs 1,214.90 lakhs from a positive Rs 1,675.55 lakhs last year due to a sharp inventory build-up. On the consolidated side, revenue grew modestly to Rs 39,120.35 lakhs while net profit dipped slightly to Rs 2,094.47 lakhs. Statutory auditors M M Nissim & Co LLP issued an unmodified (clean) opinion on both sets of results. A fire incident on 3rd January 2025 at a let-out building in Hatkanangle resulted in an exceptional loss of Rs 25.36 lakhs, though management says it had no business impact and the property is fully insured. The Board declared an interim dividend of Rs 0.50 per share and recommended a final dividend of Rs 0.55 plus a special dividend of Rs 0.10 per share, totaling 115% payout for the year. New Secretarial, Internal, and Cost Auditors were also appointed for FY26 onwards.
Strong profit growth and a generous dividend package (115% total) signal healthy shareholder returns and confidence in cash generation from operations. However, the sharp swing into negative operating cash flow on inventory build-up is a red flag worth watching, even though the year-end balance sheet remains debt-light with strong reserves.