Financials for March 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.