Electrosteel Castings Limited has informed the Exchange regarding a press release dated May 10, 2025, titled "Press Release of the Audited Financials Result 31 March 2025".
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Awaiting price reaction for this filing.
Electrosteel Castings reported FY25 consolidated total income of INR 7,443 Crores, down 1.8% YoY, with EBITDA at INR 1,159 Crores (margin 15.6%, down 132 bps) and PAT at INR 710 Crores, down 4.1% YoY. Q4FY25 was notably weaker with revenue falling 14.7% YoY to INR 1,739 Crores and EBITDA dropping 42.6% YoY to INR 198 Crores, attributed to lower volumes from a planned shutdown of the MBF at the SW unit, which has now resumed normal production. PAT of INR 710 Crores for FY25 includes a one-time INR 81 Crores deferred tax adjustment. On the positive side, finance costs fell ~27% YoY on the back of de-leveraging, and the board recommended a dividend of Rs. 1.40 per share (140%) for FY25. Standalone FY25 PAT was INR 712 Crores with volumes of 7.81 Lakh Tons of DI/CI pipes sold.
Mixed bag for shareholders - Q4 weakness was largely a one-off plant shutdown that is now resolved, but full-year revenue and margins both contracted modestly. The 140% dividend payout, ~27% reduction in finance costs, and resumed plant operations provide some support, though near-term sentiment may be cautious given the sharp Q4 margin compression.