BSEAnnouncementHighNeutral
Announced Thu, 15 May, 2025 · 20:37 IST

Integrated Filing

Emphasis Of MatterPat Growth 25pctEbitda Margin ExpansionContingent Liabilities IncreasedNegative Operating CashflowResults View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Allied Blenders and Distillers (ABDL) reported FY25 standalone revenue from operations of ₹8,073 crore, up ~5.3% from ₹7,669 crore in FY24. Profit after tax surged to ₹200 crore from just ₹6.7 crore in FY24, while EBITDA margin expanded sharply to ~5.6% from ~3.3%. The Board recommended a dividend of ₹3.60 per share and approved a proposal to raise up to ₹1,000 crore through equity shares, convertible securities or a QIP. A ₹29 crore capex was cleared to triple bottling capacity at the Derabassi plant from 100,000 to 300,000 cases per month. Auditor Walker Chandiok & Co LLP issued an unmodified opinion, but flagged an ongoing CSD customer dispute and a ₹352+ crore income tax demand (90% stayed, with the promoter chairman personally assuring to fund any liability).

Likely market impact

Sharp earnings recovery and growth plans are positive for shareholders, but the large income tax demand and a swing to negative operating cash flow are concerns to watch. The proposed ₹1,000 crore fund raise could lead to dilution depending on the eventual instrument chosen.