IRM Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
IRMENERGY · price
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IRM Energy's board approved audited standalone and consolidated results for Q4 and FY25, with the auditor (Mukesh M. Shah & Co.) issuing an unmodified opinion. Consolidated revenue from operations grew to Rs. 10,563.55 million in FY25 from Rs. 9,565.40 million in FY24, a rise of about 10.4%, while Q4 FY25 revenue jumped nearly 25% YoY to Rs. 2,889.69 million. However, consolidated profit for the year fell sharply to Rs. 452.04 million (from Rs. 856.67 million in FY24), as other expenses and depreciation rose while finance costs declined. The board recommended a final dividend of Rs. 1.5 per share (15%) for FY25, subject to shareholder approval. The company also appointed PwC as internal auditor for three years, and a new secretarial auditor (Manoj Hurkat & Associates) and cost auditor (Dalwadi & Associates). The company noted a GST penalty order of about Rs. 61 lakh, which it is appealing, and said it expects no material impact.
Revenue growth and the dividend are positives for shareholders, but the steep drop in profit and EBITDA margin compression (other expenses up ~51%) may weigh on the stock in the short term. The appointment of PwC as internal auditor and unmodified audit opinion should support governance confidence.