Submission of Annual Report 2024-25 under Regulation 34 (1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Flex Foods Limited has submitted its 35th Annual Report for the financial year ended 31st March 2025. Revenue from operations rose to Rs. 15,001.20 Lakhs from Rs. 12,128.15 Lakhs in FY24, a growth of about 24%. However, the company reported a widening net loss of Rs. 3,249.66 Lakhs compared to Rs. 2,593.24 Lakhs loss in the previous year, driven by high finance costs of Rs. 2,279.71 Lakhs and depreciation of Rs. 1,665.78 Lakhs. Exports stood at Rs. 11,256.64 Lakhs on FOB basis. The Board has recommended a dividend of Rs. 0.50 per share (5%) despite the losses. Flex Foods is an associate company of Uflex Limited, with 541 permanent employees and a new CFO appointed in November 2024.
Revenue growth is encouraging but rising finance costs and depreciation continue to drag the company into deeper losses. For shareholders, the 5% dividend announcement is a small positive, but persistent unprofitability and high interest burden remain key concerns that may weigh on the stock.