Kindly find enclosed the Financials for 31st March, 2025
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Awaiting price reaction for this filing.
The company reported strong annual results for FY25, with total net income from operations rising to Rs. 4,267.19 lakhs from Rs. 3,176.54 lakhs in FY24, a growth of about 34%. Manufacturing segment revenue grew to Rs. 4,003.91 lakhs from Rs. 3,137.94 lakhs. Profit before tax more than doubled to Rs. 924.33 lakhs from Rs. 416.94 lakhs, helped by sharply lower finance costs (Rs. 35.39 lakhs vs Rs. 102.96 lakhs). The auditor issued an unqualified (clean) opinion but flagged two Emphasis of Matter items: (1) about Rs. 5 lakh receivable from CKP bank whose licence was cancelled by RBI, still parked as an asset; and (2) a GST dispute where the department imposed penalties totalling about Rs. 7.9 crore (Rs. 3.94 crore + Rs. 3.95 crore), which the company is appealing. Rs. 3.03 crore has already been deposited under protest. Operating cash flow turned slightly negative at Rs. -122 lakhs versus Rs. 362 lakhs last year.
Strong top-line and profit growth are positive for shareholders, though ongoing GST penalty litigation worth nearly Rs 8 crore and negative operating cash flow are points to watch. Clean audit opinion supports credibility, but contingent liabilities from the GST case remain a near-term overhang.