General Updates
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Awaiting price reaction for this filing.
The board approved audited financial results for FY25. Revenue from operations declined to ₹2,853.48 lakhs from ₹3,422.42 lakhs in FY24, a drop of about 16.6%. Despite lower revenue, net profit rose to ₹470.35 lakhs (from ₹405.21 lakhs), and EPS improved to ₹15.87 from ₹11.42, reflecting better margins. The board recommended a final dividend of ₹1 per share (10% on face value of ₹10), subject to shareholder approval at the 40th AGM on July 16, 2025. Somani & Associates was appointed as secretarial auditor for 5 years (FY26-FY30), and Deepak Mehta & Associates was re-appointed as internal auditor for FY26. The statutory auditor (JD Pawar & Associates) issued an unmodified (clean) opinion.
Higher profit on lower revenue signals margin expansion, which is positive, but operating cash flow remained deeply negative at -₹457.86 lakhs (vs -₹605.46 lakhs prior year), pointing to ongoing working capital strain. The 10% dividend and clean audit are reassuring, but investors should weigh the revenue contraction and cash burn.