BSEHarshdeep Hortico LtdMediumNeutral
Announced Tue, 6 May · 14:03 IST

Outcome of Board Meeting

Management Changes View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Harshdeep Hortico's board met on May 6, 2025 and approved audited financial results for the half year and full year ended March 31, 2025. For FY25, revenue from operations rose to Rs 5,626.76 lakhs (up about 16.5% from Rs 4,827.85 lakhs in FY24), while profit after tax jumped to Rs 970.08 lakhs (up roughly 48% from Rs 655 lakhs). EPS improved to Rs 6.03 from Rs 5.25. The company also appointed Mr. Ankit Manilal Gala as Internal Auditor for FY26 and reconstituted its Audit Committee with three independent directors and one whole-time director. The statutory auditor, Kailash Chand Jain & Co., issued an unmodified (clean) opinion on the results. Notably, cash flow from operations swung positive to Rs 576.70 lakhs from a negative Rs 1,489.58 lakhs a year earlier, though a change in depreciation policy resulted in excess depreciation of Rs 142.80 lakhs charged in H2 FY25.

Likely market impact

This is a positive update for shareholders: strong profit growth, a clean audit opinion, improving operating cash flows, and a strengthened audit committee signal good governance. Investors should note the depreciation policy change slightly dampens reported H2 profits but is a one-time accounting adjustment, not an operational concern.