Outcome of Board Meeting for consideration of Audited Financial Results for the quarter & year ended 31st March, 2025
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Empire Industries' Board approved audited results for Q4 and FY25. Full-year revenue from operations rose about 11.7% to Rs 676.97 crore (vs Rs 606.02 crore in FY24), driven mainly by strong growth in Trading & Indenting. However, net profit dipped roughly 7% to Rs 34.45 crore (vs Rs 37 crore). Q4 standalone profit fell sharply to Rs 4.44 crore from Rs 12.60 crore a year ago, primarily due to a one-time expected credit loss provision of Rs 19.26 crore (40%) against a long-pending Rs 45.15 crore receivable from DESNL, Gabon, which is under mediation at the Delhi High Court. The Board also recommended a final dividend of Rs 25 per share (250% on face value of Rs 10), subject to shareholder approval. The statutory auditor issued an unmodified (clean) opinion on the results.
The revenue growth is positive, but the dip in full-year profit and sharp Q4 profit fall reflect the heavy one-time provisioning for the Gabon receivable. Shareholders get a strong 250% final dividend, indicating confidence in cash generation, while operating cash flows remain healthy at Rs 92.36 crore.