Please find attached herewith 9th Annual Report of the Company for the Financial Year 2024-25.
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Jigar Cables Limited submitted its 9th Annual Report for FY 2024-25. Revenue from operations on a standalone basis jumped to Rs. 10,314.70 lakhs from Rs. 4,152.89 lakhs in the previous year, representing roughly 148% growth. Profit after tax (standalone) rose to Rs. 175.08 lakhs from Rs. 101.48 lakhs, up about 72.5%, while consolidated PAT grew 74.5% to Rs. 182.18 lakhs. The statutory auditors issued a clean report with no qualifications, reservations, or adverse remarks. The company had significant related-party dealings with Ultracab (India) Limited — sales of Rs. 7,359.64 lakhs and purchases of Rs. 6,822.01 lakhs — and continued operations with its wholly-owned subsidiary Jigar Polymers Limited. No dividend was declared for the year.
Strong top-line and bottom-line growth signals healthy business expansion and improved profitability for shareholders. The clean audit and stable board, combined with warrant conversions increasing equity, suggest positive momentum, though the heavy related-party exposure to Ultracab is a point worth monitoring.