Outcome of the Board Meeting held today i.e. May 28, 2025.
INDOFARM · price
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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.