1) Audited Financial Results along with the Auditor's Report issued by the Statutory Auditors of the Company and declaration on Audit Reports with unmodified opinion for the quarter and ....
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Awaiting price reaction for this filing.
Crimson Metal Engineering, a steel tubes and pipes manufacturer, announced audited results for Q4 and FY ended March 31, 2025, with an unmodified (clean) opinion from statutory auditors OP Bagla & Co LLP. Total income for FY25 rose to about ₹964.26 lakhs from ₹831.74 lakhs in FY24, a growth of roughly 16%. The company swung back to a profit of about ₹13.48 lakhs in FY25 compared to a loss of ₹133.29 lakhs in FY24. However, operating cash flow turned sharply negative at about (₹135.78) lakhs versus a positive ₹588.20 lakhs last year, and finance costs remained heavy at ₹204.55 lakhs. The board also appointed APAC & Associates LLP as Secretarial Auditor for FY25 and recommended a 5-year appointment from FY26 to FY30, pending shareholder approval.
For shareholders, the return to profitability and revenue growth are positive, but the swing to negative operating cash flow and high finance costs suggest working capital or debt-related stress, so the near-term stock reaction may remain cautious until cash generation improves.