Announcement under Reg. 30 regarding outcome of Board Meeting held today.
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Deepak Spinners Limited's Board, at its meeting on May 22, 2025, approved audited financial results for the quarter and year ended March 31, 2025. Revenue from operations grew about 11% to Rs. 52,407 lakhs (vs Rs. 47,098 lakhs in FY24), and total income rose to Rs. 52,637 lakhs. Despite higher revenue, the company swung to a loss: Profit Before Tax was Rs. (1,397) lakhs versus Rs. 205 lakhs profit last year, and Profit After Tax was Rs. (1,019) lakhs versus Rs. 130 lakhs. EPS turned sharply negative at Rs. (14.17) vs Rs. 1.81, with a Rs. 221 lakh impairment loss flagged. Statutory auditors M/s. Salarpuria & Partners issued an unmodified (clean) opinion. The Board also appointed Shri Raja Ram Kankani as President & Whole Time Director for 3 years and re-appointed/appointed internal, cost, tax, and secretarial auditors.
Despite revenue growth, shareholders should note the sharp swing into losses driven by significantly higher raw material costs (Rs. 32,146 lakhs vs Rs. 28,101 lakhs) and a fresh impairment charge — a negative earnings surprise for FY25, though operating cash flow remained positive at Rs. 1,633 lakhs and the audit opinion is clean.