JTL INDUSTRIES LIMITED has informed the Exchange regarding Change in Auditors of the company.
JTLIND · price
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Awaiting price reaction for this filing.
JTL Industries reported FY25 consolidated revenue of ₹1,91,631 lakhs, down about 6% from ₹2,04,075 lakhs in FY24, while profit after tax fell roughly 12% to ₹9,883 lakhs (from ₹11,301 lakhs). Basic EPS dropped to ₹2.60 from ₹3.32. The Board recommended a 12.5% equity dividend (₹0.125 per share of ₹1 face value), but promoters holding 48.91% have waived their share to retain cash for expansion. Total assets grew sharply to ₹1,33,910 lakhs from ₹84,349 lakhs, driven by near-doubling of property, plant and equipment to ₹21,842 lakhs and capital work-in-progress of ₹6,646 lakhs, signaling major capacity expansion. Operating cash flow turned negative at -₹24,569 lakhs, largely funded by ₹37,577 lakhs raised through securities premium. The Board also appointed M/s S Dhiman & Co. as Internal Auditors and re-appointed Secretarial and Cost Auditors; the statutory auditor N Kumar Chhabra and Co. gave an unmodified opinion.
Slight earnings decline year-on-year, but the dividend waiver by promoters and heavy capex suggest management is prioritizing long-term growth over short-term payouts. Expansion-led spending has pushed operating cash flows into the red, so investors should watch capacity utilization and debt levels going forward. Routine auditor appointments have no governance red flags.