Results for the Financial Year Ended March 31, 2025
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CWD Limited reported a strong FY25 with revenue from operations jumping to Rs 3,290.32 lakhs from Rs 2,098.05 lakhs in FY24, a growth of nearly 57%. Profit after tax more than doubled to Rs 251.04 lakhs (standalone) versus Rs 113.30 lakhs last year, while profit before tax rose to Rs 344.96 lakhs from Rs 159.83 lakhs. Basic EPS improved to Rs 6.61 from Rs 3.14. The board also appointed M/s M. Rupareliya & Associates as Secretarial Auditor for FY26 and FY27. The company raised around Rs 20.44 crore in February 2025 via conversion of warrants into 1.85 lakh equity shares, which boosted cash reserves to Rs 27.25 crore. Statutory auditor DGMS & Co. issued an unmodified (clean) opinion on both standalone and consolidated results.
Strong revenue and profit growth is positive for shareholders, supported by a healthy post-fundraise cash balance. However, a one-time provision for doubtful debts of Rs 722.97 lakhs in H2 weighed on margins, so investors should watch receivables quality and whether revenue momentum sustains.