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The board approved audited standalone and consolidated financial results for FY ended March 31, 2025, with auditors issuing an unmodified opinion. On a standalone basis, revenue from operations rose to ₹7,391.99 lakhs (vs ₹6,551.70 lakhs in FY24, ~12.8% growth) and profit after tax rose to ₹1,507.08 lakhs (vs ₹1,304.25 lakhs, ~15.5% growth), taking EPS to ₹24.70. On a consolidated basis (which includes newly acquired subsidiary Advanced Rail Controls Pvt Ltd), revenue was ₹12,446.10 lakhs and PAT was ₹2,265.49 lakhs, with EPS of ₹37.13. The board also approved the amalgamation of wholly-owned subsidiary Advanced Rail Controls Pvt Ltd into the company (no cash or share consideration since it is already wholly owned, subject to NCLT approval) and a preferential issue of equity shares worth up to ₹3.5 crore to a non-promoter (Mr. Velukutty Sadasivan), to be issued for non-cash consideration to acquire the remaining 10% stake in ARC.
Steady mid-teens growth in standalone earnings reflects stable core operations. The amalgamation of the wholly-owned subsidiary simplifies the group structure without diluting shareholders, while the small ₹3.5 crore preferential issue is a non-cash, purpose-driven acquisition of the remaining stake in ARC, so impact on existing shareholders is minimal. Net cash from operations was ₹639.31 lakhs, slightly lower than last year, but remained positive.