Please find enclosed annual report for the FY 2024-25.
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Hira Automobiles, an authorized Maruti Suzuki dealer based in Chandigarh with showrooms and workshops across Punjab, has submitted its annual report for FY 2024-25. Total income fell to Rs. 21,150.58 lakhs from Rs. 26,245.88 lakhs in FY 2023-24, a decline of roughly 19%. Profit before interest and depreciation edged down to Rs. 1,001.01 lakhs from Rs. 1,036.94 lakhs. Net profit after tax rose to Rs. 78.12 lakhs from Rs. 67.85 lakhs, helped by lower tax expense. No dividend has been recommended. The 36th AGM is scheduled for September 30, 2025. The statutory auditors' report carries no qualifications or adverse remarks, though the secretarial audit report flagged some observations requiring corrective action.
Shareholders should note the sharp drop in revenue alongside a modest rise in profits, signaling margin improvement but weaker top-line growth. No dividend means limited immediate cash return, though the going-concern status is confirmed and governance disclosures remain intact.