Audited Financial Results for the quarter and year ended March 31, 2025
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Haldyn Glass reported FY25 standalone revenue from operations of Rs. 36,160 lakhs, up about 21% from Rs. 29,877 lakhs in FY24, helped by full-year operations after a furnace shutdown in FY24. However, standalone profit after tax fell to Rs. 1,296.51 lakhs from Rs. 1,875.61 lakhs, a drop of nearly 31%, and standalone EPS slipped to Rs. 2.41 from Rs. 3.49. Consolidated PAT also declined to Rs. 1,881 lakhs from Rs. 2,457 lakhs, though it got support from share of profit of joint venture Haldyn Heinz Fine Glass. Total expenses grew faster than revenue, pulling EBITDA margin down to about 15.6% from 17.5%. The board recommended a dividend of Rs. 0.70 per share, same as last year. Statutory auditor KNAV & Co. LLP issued an unmodified opinion. The company also announced CFO Ganesh Prasad Chaturvedi's retirement due to superannuation, with Jitendra Karamchandani appointed as new CFO from June 1, 2025.
Revenue growth is healthy but profitability has weakened sharply, with margins under pressure from rising costs and finance charges. The flat dividend and unchanged payout signal caution despite top-line growth, while the CFO transition is a key governance event for shareholders to monitor.