Gulshan Polyols Limited has informed the Exchange regarding Board meeting held on May 20, 2025.
GULPOLY · price
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Gulshan Polyols reported its audited standalone and consolidated results for FY25. Standalone revenue from operations jumped to ₹2,01,968 lakhs from ₹1,37,798 lakhs in FY24, a growth of about 47%. Net profit after tax rose to ₹2,479 lakhs from ₹1,764 lakhs, up around 40%, with EPS improving to ₹3.97 from ₹2.83. The strong growth was driven by a new 250 KLPD ethanol plant at Matia, Assam, which began commercial operations on June 15, 2024 — the Ethanol/Bio-Fuel segment alone delivered ₹1,18,680 lakhs in FY25 revenue. The board has recommended a final dividend of ₹0.30 per share (30% on ₹1 face value), subject to shareholder approval. Statutory auditors Shahid & Associates (who replaced previous auditor Rajeev Singal & Co.) issued an unmodified opinion on the results.
Strong revenue and profit growth, driven by the new Assam ethanol plant, signals healthy business expansion for shareholders. The dividend, while modest at 30%, returns capital to investors. Investors should note the auditor change and the change in depreciation method for the Assam ethanol unit (Unit of Production method adopted from June 15, 2024) for context when comparing numbers year-on-year.