Outcome of Board Meeting held on May 15, 2025.
ELPROINTL · price
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Elpro International's Board approved audited financial results (standalone and consolidated) for Q4 and FY ended March 31, 2025. Statutory auditor Lodha & Co LLP issued an unmodified (clean) opinion. On a standalone basis, FY25 revenue from operations nearly doubled to Rs. 20,888.66 lakhs (vs Rs. 11,217.34 lakhs in FY24), but net profit declined ~19% to Rs. 3,777.76 lakhs (from Rs. 4,657.07 lakhs). Q4 standalone turned into a loss of Rs. 151.68 lakhs versus a Rs. 2,223.09 lakh profit a year ago, dragged by sharply higher finance costs (Rs. 2,058.98 lakhs vs Rs. 1,039.36 lakhs). On a consolidated basis, FY25 revenue jumped to Rs. 39,022.82 lakhs (from Rs. 22,876.98 lakhs), while net profit fell to Rs. 6,611.12 lakhs (from Rs. 8,548.67 lakhs). The company also acquired 100% partnership interest in Eduspace Services LLP in March 2025.
Strong top-line growth driven by the real estate and trading segments is being eroded by rising finance costs, leading to lower profitability and a weak Q4 standalone loss. Investors may view the acquisition of Eduspace Services LLP as a diversification move, but should watch the sharp jump in borrowings (current borrowings up roughly 3.5x to Rs. 63,286.96 lakhs standalone) which is increasing interest outgo.