Submission of audited Financial Results of the Company for the quarter and year ended 31st March, 2025
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Hardcastle & Waud Manufacturing Company submitted its audited results for FY25 and Q4FY25, approved by the Board on 26 May 2025. Revenue from operations rose 8.8% YoY to Rs 588.93 lakhs, while Q4 revenue jumped 37.4% to Rs 177.33 lakhs. However, profit after tax nearly halved to Rs 128.69 lakhs (vs Rs 257.83 lakhs in FY24) due to a sharply higher tax expense of Rs 149.57 lakhs and increased other expenses. EPS fell to Rs 18.94 from Rs 37.95. The Board did not recommend any dividend. Statutory auditor Desai Saksena & Associates issued an unmodified (clean) opinion. Operating cash flow remained positive at Rs 69.46 lakhs, though closing cash balance dropped sharply to Rs 13.13 lakhs from Rs 183.87 lakhs a year earlier.
Mixed picture for shareholders — healthy top-line growth in Q4 was offset by a steep PAT decline and absence of dividend. The clean audit and positive operating cash flow are positives, but the sharp drop in profitability and cash reserves may weigh on the stock.