INCREDIBLE INDUSTRIES LIMITED has informed the Exchange about Shareholders meeting
INCREDIBLE · price
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Awaiting price reaction for this filing.
Incredible Industries has filed its 46th Annual Report for FY 2024-25 along with the notice for its 46th AGM, scheduled for Friday, 19th September 2025 at 2:30 PM via video conferencing, as required under SEBI LODR Regulation 34. Revenue from operations fell to ₹75,691 lakhs (from ₹82,035 lakhs) mainly due to lower finished steel prices, but the company reported strong profit growth, with PAT more than doubling to ₹1,249 lakhs (up 109%) and PBT rising nearly 33% to ₹1,323 lakhs. EBITDA held steady at ₹2,208 lakhs, and EPS jumped to ₹2.70 from ₹1.28, with ROCE improving to 10.15%. The Board did not recommend any dividend, opting to plough back profits to fund the upcoming Steel Melting Shop (SMS) facility expected by October 2026.
The sharp PAT growth despite revenue decline signals meaningful margin improvement, and achieving debt-free status strengthens the balance sheet for the planned SMS expansion. However, the absence of a dividend may be a mild negative for income-focused shareholders, while the AGM is a routine procedural event with no immediate price catalyst.