Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that the Board of Directors of DIC India Limited in its meeting held on Thursday, May 08, 2025 had inter alia, considered and approved Un-audited financial results for the quarter ended March 31, 2025.The copy of the said results along with the Limited Review Report having unmodified opinion issued by the Statutory Auditors of the Company i.e. M/s. Price Waterhouse Chartered Accountants LLP are attached herewith.
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DIC India Limited reported its unaudited financial results for the quarter ended March 31, 2025, following a board meeting on May 08, 2025. Revenue from operations grew about 10% year-on-year to ₹21,845.71 lakhs, up from ₹19,860.16 lakhs in the same quarter last year. However, profit after tax fell sharply by around 38% to ₹258.16 lakhs from ₹419.71 lakhs, dragging down quarterly EPS to ₹2.82 versus ₹4.57 a year ago. The quarter included a net exceptional income of ₹69.15 lakhs related to the Kolkata Plant closure and related staff separation/impairment items. Statutory auditor Price Waterhouse Chartered Accountants LLP issued an unmodified (clean) review opinion, and results were also weak sequentially compared to the December 2024 quarter.
Revenue growth is positive, but the sharp drop in profit despite higher sales signals margin pressure that may worry investors and could weigh on the stock in the short term. The clean auditor opinion provides some comfort, but shareholders should watch for cost trends and clarity on the Kolkata plant restructuring in coming quarters.