Financial Results for the FY ended 31 March 2025
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The Board of Directors of Electrosteel Castings Limited approved audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2025, and recommended a final dividend of Rs. 1.40 per equity share (140% on a Re. 1 face value), subject to shareholder approval. Statutory auditor Lodha & Co LLP issued a qualified opinion on the consolidated results, citing two pending matters: the cancellation of the Parbatpur coal block, where the company has claimed Rs. 1,54,944.48 lakhs in compensation awaiting final determination, and ongoing disputes over the parent's investment in ESL Steel Limited and the mortgage of land at the Elavur plant. The FY25 consolidated numbers include Singardo International Pte Limited from 22 October 2024 following its acquisition, which substantially expanded the group's revenue base. The Board also re-appointed Mr. Rajkumar Khanna as Independent Director for a second 5-year term and appointed M/s MKB & Associates as Secretarial Auditor for 5 years (FY26–FY30).
The qualified audit opinion flags material uncertainties around coal block compensation and ESL-related disputes that remain unresolved, although these are recurring qualifications rather than new concerns. Shareholders will receive Rs. 1.40 per share as final dividend if approved at the upcoming AGM, and the Singardo acquisition will keep consolidated revenues elevated in the year ahead.