Declaration of audited financial results for the quarter and year ended on 31.03.2025 and audit report thereon, and other business items.
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Hemang Resources Limited submitted its audited standalone financial results for FY25. Revenue from operations fell sharply to ₹880.18 lakhs from ₹3,712.25 lakhs in FY24, a drop of about 76%. However, the company swung back to profitability, posting a Profit After Tax of ₹54.02 lakhs compared to a loss of ₹108.62 lakhs in the previous year. Basic EPS improved to ₹0.41 from ₹(0.82) last year. The business is divided into Coal Trading and Infrastructure segments; coal trading revenue collapsed, while the Infrastructure segment (₹752.85 lakhs) drove most of the profit. The statutory auditor issued an unmodified (clean) opinion with no qualifications. The board meeting was held on May 29, 2025 and no investor complaints were pending.
Despite the steep revenue decline, the return to profitability and clean audit opinion are mildly positive signals. Investors should note the heavy dependence on the Infrastructure segment and the continued weakness in the core coal trading business, which may keep earnings volatile going forward.