Outcome of the Board Meeting held today i.e. May 28, 2025.
INDOFARM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.9 pts more than its Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Indo Farm Equipment Limited reported its first full-year results as a listed company after its January 2025 IPO. Standalone revenue from operations rose modestly to Rs 36,677 lakhs (vs Rs 35,246 lakhs in FY24), about 4% growth, but profit after tax jumped around 67% to Rs 2,261 lakhs (vs Rs 1,354 lakhs), with EPS rising to Rs 5.48 from Rs 3.61. Consolidated revenue was Rs 38,719 lakhs with PAT of Rs 2,355 lakhs, up about 51% YoY. The Q4 standalone quarter was particularly strong with revenue of Rs 12,516 lakhs and PAT of Rs 1,329 lakhs. The Board also appointed M/s A Arora & Co as Secretarial Auditors for 5 years (FY26–FY30) and amended several governance policies. Statutory auditors Deepak Jindal & Co issued an unmodified opinion.
Strong profit growth on flat-to-modest revenue suggests meaningful margin or cost improvement, which is positive for shareholders. The sharp reduction in borrowings (current borrowings roughly halved on a standalone basis) thanks to IPO-funded debt repayment strengthens the balance sheet. Overall, a healthy earnings debut post-listing, though the small top-line growth is worth watching.