Please find attached herewith the Audited Financial Results for the quarter and Financial Year ended on March 31, 2025, as approved in todays'' Board Meeting i.e. 29.05.2025
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Crimson Metal Engineering, a steel tubes and pipes maker, reported FY25 total income of Rs. 964.26 lakhs, up about 16% from Rs. 831.74 lakhs in FY24. Revenue from operations rose to Rs. 956.66 lakhs from Rs. 827.70 lakhs. The company swung to a net profit of Rs. 13.48 lakhs in FY25 from a loss of Rs. 133.29 lakhs in FY24, mainly due to a large deferred tax credit of Rs. 151.39 lakhs. Profit before tax was almost flat at Rs. 18.16 lakhs vs Rs. 18.40 lakhs. Finance costs climbed to Rs. 204.55 lakhs and depreciation rose to Rs. 206.60 lakhs, eating into margins. Auditor O P Bagla & Co LLP issued an unmodified opinion. The board also appointed APAC & Associates LLP as the new secretarial auditor for FY25 and for a five-year term starting FY26.
The headline swing from loss to profit is driven largely by a deferred tax adjustment rather than core operating improvement, so the underlying business remains under pressure with rising interest and depreciation costs. Negative operating cash flow signals working capital and profitability concerns despite revenue growth.