Iris Clothings Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
IRISDOREME · price
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Awaiting price reaction for this filing.
Iris Clothings Limited's Board approved audited financial results for Q4 and FY ended 31 March 2025. Revenue from operations grew to ₹14,627.33 lakhs from ₹12,192.11 lakhs (about 20% growth). Profit after tax rose modestly to ₹1,312.23 lakhs from ₹1,221.19 lakhs (~7.5% growth). The company also recommended a 1:1 bonus share issue (one bonus share of ₹2 face value for every one existing share), subject to shareholder approval via postal ballot, to be issued from free reserves. Pre-bonus share capital is ₹19.03 crore; post-bonus will double to ₹38.07 crore. Free reserves available for capitalization stand at ₹65.97 crore as on 31 March 2025. Auditor AMK & Associates issued an unmodified opinion on the financials.
The 1:1 bonus issue will double the share count but not change the company's value, and may improve liquidity and make shares more affordable for retail investors. Revenue growth is healthy but modest PAT growth (~7.5%) and margin compression indicate cost pressures, limiting near-term positive impact on stock price.