EUREKAFORBNSEEureka Forbes LimitedMediumNeutral
Announced Fri, 16 May · 11:38 IST

Eureka Forbes Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

EUREKAFORB · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Eureka Forbes' board on May 16, 2025 approved audited Q4 and FY25 results with a clean (unmodified) opinion from statutory auditor Deloitte Haskins & Sells LLP. Standalone FY25 revenue grew ~11% YoY to ₹2,43,606 lakhs, while net profit jumped ~78% to ₹16,329 lakhs (EPS ₹8.40 vs ₹4.73). Q4 standalone PAT surged to ₹5,075 lakhs from ₹2,137 lakhs a year ago. The company appointed Mr. Rakesh Moza as Chief Sales Officer (Senior Managerial Personnel) effective May 19, 2025, and expanded Mr. Nithyanand Shankar's role to Chief Business Officer. It also appointed PricewaterhouseCoopers Services LLP as internal auditor, Mihen Halani & Associates as secretarial auditor (5-year term), and J. Chandra & Associates as cost auditor for FY26.

Likely market impact

Strong FY25 earnings beat with profit nearly doubling, reflecting healthy operating momentum. The new KMP and auditor appointments appear routine and should not materially affect shareholders; focus will be on sustaining the profit growth seen in FY25.