Eureka Forbes Limited has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2025.
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Eureka Forbes Limited's board, at its May 16, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified (clean) opinion from statutory auditor Deloitte Haskins & Sells LLP. Standalone revenue from operations grew about 11.3% YoY to Rs. 2,43,606 lakhs (vs Rs. 2,18,923 lakhs in FY24), while profit after tax surged roughly 78% to Rs. 16,329 lakhs (vs Rs. 9,157 lakhs), partly aided by an exceptional insurance settlement gain of Rs. 507.69 lakhs related to a prior Delhi warehouse fire. Basic EPS rose to Rs. 8.40 from Rs. 4.73. The board also appointed Mr. Rakesh Moza as Chief Sales Officer (effective May 19, 2025), redesignated Mr. Nithyanand Shankar as Chief Business Officer, and approved new Secretarial, Cost, and Internal Auditors (including PwC as Internal Auditor for FY26).
The strong PAT growth and clean audit opinion are positive signals for shareholders, though part of the earnings lift came from a one-time insurance gain rather than pure operating improvement. Operating profit growth (excluding exceptional items) of ~55% is still impressive and should support sentiment, while the senior leadership changes signal strategic focus on sales and after-market growth.