Financials for March 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 15.8 pts more than Nifty Microcap 250 and 14.9 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Chowgule Steamships reported FY25 revenue from operations of ₹388.24 lakhs, slightly down from ₹409.18 lakhs in FY24. Total income fell to ₹722.20 lakhs from ₹758.75 lakhs. Profit after tax dropped sharply to ₹128.56 lakhs from ₹742.25 lakhs, but the FY24 figure included a one-time exceptional gain of ₹400 lakhs (recovery of previously written-off balances). On a like-for-like basis, the underlying decline is more modest. EPS for FY25 stood at ₹0.36 versus ₹2.04 in FY24. The statutory auditor (M.N. Choksi & Co. LLP) issued an unmodified opinion. Key audit matters flagged include related-party transactions, where certain transactions exceeded Section 188 monetary limits without prior shareholder approval, and uncertain tax positions. The wholly-owned overseas subsidiary is being dissolved. Operating cash flow turned sharply negative at ₹(425.85) lakhs versus ₹221.34 lakhs inflow in FY24.
The headline PAT collapse looks alarming but is largely optical — FY24 was inflated by a non-recurring ₹400 lakh exceptional recovery, so underlying profits are weaker but not catastrophic. The negative operating cash flow and Section 188 related-party compliance gap are the more material concerns for shareholders, though the audit opinion remains clean.