Outcome of Board meeting held on today i.e. 30th May, 2025 is enclosed herewith.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and in line with its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ITCONS E-Solutions Ltd's board, on May 30, 2025, approved audited standalone financial results for FY25 with an unmodified auditor opinion. Revenue from operations nearly doubled to Rs. 5,598.41 lakhs (from Rs. 2,849.91 lakhs in FY24, ~96% growth), driven by its recruitment and staffing business. Profit after tax rose ~70% to Rs. 324.96 lakhs (from Rs. 190.61 lakhs), while EPS was Rs. 3.17 (diluted) versus Rs. 3.79 earlier, diluted by fresh equity from warrant conversions. The board recommended a modest final dividend of Rs. 0.15 per share (1.5%). It also re-appointed Managing Director Gaurav Mittal, CFO Chetan Prakash Mittal, Executive Director Premlata Mittal (all for 5 years), and re-appointed the secretarial and internal auditors for FY26. Of 1 crore warrants issued last July at Rs. 71, 5.7 lakh shares were already converted and 94.7 lakh warrants remain pending conversion. Operating cash flow, however, was deeply negative at Rs. -2,289.45 lakhs, largely due to a sharp jump in long-term loans and advances and trade receivables.
Strong top-line and profit growth is a positive signal for shareholders, but the deeply negative operating cash flow and rising receivables/advances warrant close monitoring. The small 1.5% dividend and pending warrant conversions (which could dilute equity further) may keep the stock muted despite the headline earnings jump.