Outcome of Board Meeting dated 29.05.2025
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Awaiting price reaction for this filing.
Earthstahl & Alloys' board approved audited financial results for the year and half-year ended 31 March 2025. Revenue from operations fell to Rs. 7,227.64 lakh from Rs. 8,794.39 lakh, a decline of about 18%. Net profit dropped sharply to Rs. 53.37 lakh from Rs. 189.12 lakh, down roughly 72%, while EPS fell to Rs. 0.44 from Rs. 1.55. The second half (H2 FY25) actually slipped into a loss with a net loss of Rs. 14.35 lakh on revenue of Rs. 3,559.59 lakh. The auditor O P Bagla & Co LLP issued an unmodified opinion, and the company declared this as required under SEBI LODR. Short-term borrowings nearly doubled to Rs. 996.67 lakh and cash & equivalents fell to Rs. 5.56 lakh from Rs. 103.19 lakh.
A clear deterioration in profitability, with revenue shrinking and margins compressing sharply, will likely weigh negatively on the stock. The negative H2 result, jump in short-term debt, and weak cash position suggest stress, though the clean audit opinion provides some comfort.