BSEIncap LtdHighNeutral
Announced Thu, 29 May · 15:35 IST

We are here with submitting the Audited financial results for the year ended on 31st March, 2025

Revenue Growth 20pctEbitda Margin CompressionNegative Operating CashflowPat NegativeResults View source PDF

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

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AI summary

Incap Ltd reported audited standalone results for FY25 with net sales of Rs 3,357.92 lakhs versus Rs 1,936.47 lakhs in FY24, a robust ~73% year-on-year growth driven mainly by higher purchases of stock-in-trade. Total income rose to Rs 3,377.11 lakhs from Rs 2,024.28 lakhs. Profit after tax grew to Rs 79.95 lakhs (from Rs 66.97 lakhs), translating to EPS of Rs 1.56 versus Rs 1.30, though the standalone Q4 slipped into a small loss of Rs 8.01 lakhs versus a Rs 2.41 lakh profit a year ago due to higher tax outflow. The Board has recommended a 10% dividend on the face value of Rs 10, subject to shareholder approval at the AGM scheduled for 27 September 2025. Statutory auditors Umamaheswara Rao & Co. issued an unmodified (clean) opinion on the results.

Likely market impact

Strong top-line growth and an unchanged dividend are positive for shareholders, but the EBITDA margin has visibly compressed (higher purchases and finance costs ate into profitability) and operating cash flow remains negative at Rs -211.32 lakhs, signalling that profits are not converting to cash. The Q4 loss may draw short-term investor attention even as the full-year numbers remain positive.