We would like to inform that the Board of Directors at the meeting held today i.e. Friday, May 30, 2025 inter alia considered and approved the following: 1. Audited Standalone and ....
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Inducto Steel's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Revenue from operations grew ~52% YoY to ₹15,856.71 lakhs in FY25 (vs ₹10,404.84 lakhs in FY24), while Q4 revenue nearly doubled to ₹4,018.59 lakhs (vs ₹2,073.49 lakhs). However, the company swung to a full-year loss of ₹371.86 lakhs compared to a profit of ₹16.14 lakhs in FY24, despite Q4 posting a small profit of ₹5.55 lakhs. The auditors issued an unmodified opinion but flagged an 'Other Matters' concern about ₹21.58 crore invested in a partnership firm where capital was used for joint venture advances that have not materialized and excess capital was withdrawn by partners, posing recoverability risk. The board also appointed Dilip Bharadiya & Associates as Secretarial Auditor for 5 years and Mr. Amol Shah as Internal Auditor for FY26. Short-term borrowings jumped sharply to ₹1,640.72 lakhs from ₹348.28 lakhs, and operating cash flow worsened significantly to a negative ₹1,186.95 lakhs.
Strong top-line growth is positive, but the swing to a full-year loss, deteriorating operating cash flow, sharply higher borrowings, and the auditors' emphasis on partnership firm recoverability are red flags for shareholders. Short-term stock sentiment may be negative despite the revenue growth story.