Announcement under Regulation 30 (LODR) - Resignation of Chief Financial Officer
HALDYNGL · price
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Haldyn Glass reported its audited financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations grew about 21% to Rs. 361.60 crore (from Rs. 298.77 crore last year), but net profit fell roughly 31% to Rs. 12.97 crore (from Rs. 18.76 crore), and EPS dropped to Rs. 2.41 from Rs. 3.49. The Board has recommended a dividend of Rs. 0.70 per share (70%), unchanged from the previous year. The company also announced that CFO Mr. Ganesh Prasad Chaturvedi will step down on May 31, 2025 due to retirement, and Mr. Jitendra Karamchandani will take over as the new CFO from June 1, 2025. Auditors KNAV & Co. LLP issued an unmodified (clean) opinion on the results. Note: results are not fully comparable to last year because one furnace was shut for relining/expansion from June to September 2023.
Mixed signals for shareholders: revenue growth is healthy but profitability declined sharply, likely due to higher depreciation and finance costs from the recent capacity expansion. The CFO transition is a routine retirement-linked change with a successor already named, so governance risk is low. The unchanged dividend suggests management's confidence in cash flows despite the profit dip.