Outcome of Board Meeting held for the approval of Audited Financials Statement for the year ended March 31, 2025
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The board, at its meeting on May 29, 2025, approved the audited standalone financial results for FY25 along with the auditor's report. Revenue from operations rose marginally to ₹18,810.18 lakhs (FY24: ₹18,473.41 lakhs), a growth of about 1.8%. The company swung to a profit before tax of ₹132.14 lakhs (FY24: loss of ₹148.22 lakhs) and a profit after tax of ₹67.28 lakhs (FY24: loss of ₹105.70 lakhs). Basic EPS for FY25 was ₹0.04 versus ₹(0.62) in FY24. Operating cash flow turned positive at ₹611.18 lakhs (FY24: negative ₹339.40 lakhs). Statutory auditor Ambavat Jain & Associates LLP issued an unmodified (clean) opinion on the results.
The return to profitability at the full-year level and the clean audit opinion are positives for shareholders. However, Q4 FY25 alone posted a loss after tax of ₹74.16 lakhs and the Technical Textile segment continues to drag with a ₹630.39 lakh loss for the year, so the turnaround story is mixed.