Please find enclosed herewith 51st Annual Report 2024-25 of the Company for your kind perusal. This is as per SEBI LODR Reg 2015 Regulation 34
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Conart Engineers Limited submitted its 51st Annual Report for the financial year ended March 31, 2025, along with the notice for its 51st AGM scheduled for September 15, 2025 via video conferencing. Revenue from operations rose 15.61% to Rs. 5,652.98 lakhs from Rs. 4,889.43 lakhs in the previous year. However, net profit after tax fell 13.07% to Rs. 267.83 lakhs from Rs. 308.11 lakhs, and cash profit declined 12.72% to Rs. 321.42 lakhs. The Board did not recommend any dividend, citing the need to plough back profits into new projects and working capital. Shareholders will also vote on the re-appointment of Mr. Nirmal Parikh as Independent Director and the appointment of Sanjay Dholakia as Secretarial Auditor for a five-year term.
Revenue growth was healthy but bottom-line contraction and absence of dividend may be viewed negatively by income-focused investors. Watch the AGM voting outcomes and upcoming quarterly results for signs of margin recovery.