Outcome of Board Meeting -Audited Finacial Results for the Quarter and Financial Year ended March 31.2025
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The Indian Wood Products Company reported audited FY25 results with standalone revenue from operations of Rs. 22,580.82 lakhs, up about 17.8% from Rs. 19,173.62 lakhs in FY24. Standalone net profit rose to Rs. 367.79 lakhs (vs Rs. 259.01 lakhs), a ~42% jump, while consolidated net profit climbed to Rs. 520.15 lakhs (vs Rs. 365.82 lakhs), boosted by Rs. 161.36 lakhs share from its Singapore joint venture. Standalone EPS stood at Rs. 0.57 (FY24: Rs. 0.40). The Board has recommended a final dividend of Rs. 0.15 per share (7.5% of face value) subject to shareholder approval. The statutory auditor S K Agrawal & Co issued an unmodified (clean) opinion on both standalone and consolidated results. The Board also approved a 1 MW solar power plant at its Bareilly factory (Rs. 2.66 crore investment, expected to save Rs. 60 lakhs annually), re-appointment of an Independent Director, and appointment of a new Internal Auditor.
Strong profit growth (over 40% YoY) and a clean audit opinion are positive signals, though revenue growth at ~18% was a bit more modest. The small dividend, margin expansion, and cost-saving solar initiative should be mildly supportive for shareholders, with the 105th AGM scheduled for September 12, 2025.