INOX India Limited has informed the Exchange regarding Change in Auditors of the company.
INOXINDIA · price
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INOX India's board, at its May 15, 2025 meeting, approved audited Q4 and FY25 (ended March 31, 2025) financial results with an unmodified auditor opinion from SRBC & Co LLP. Consolidated FY25 revenue from operations rose to Rs. 1,30,599.76 lakhs (vs Rs. 1,13,334.15 lakhs in FY24), while consolidated profit after tax grew to Rs. 22,602.86 lakhs from Rs. 19,600.13 lakhs, a ~15% YoY increase. Q4 FY25 consolidated PAT jumped to Rs. 6,551.32 lakhs (vs Rs. 4,407.72 lakhs in Q4 FY24), and consolidated basic EPS for FY25 stood at Rs. 24.90 (vs Rs. 21.59). The board also recommended a final dividend of Rs. 2 per share (100% on face value of Rs. 2) for FY25, with record date set as June 4, 2025. Additionally, M/s Samdani Shah & Kabra, Practicing Company Secretaries, Vadodara, was appointed as Secretarial Auditor for five years (FY 2025-26 to 2029-30), subject to shareholder approval.
Strong FY25 earnings growth (~15% PAT growth) and a consistent final dividend signal healthy operational performance and shareholder returns, likely viewed positively by investors. The appointment of a new secretarial auditor is a routine governance compliance matter and not a concern.