Outcome of Board Meeting dt. 30th May, 2025
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The Board of Kabra Commercial Limited approved the audited standalone financial results for the quarter and full year ended 31st March 2025. For FY25, revenue from operations rose to Rs. 2,383.43 lakhs from Rs. 1,957.73 lakhs in FY24, a growth of about 22%. Profit after tax more than doubled to Rs. 156.37 lakhs (from Rs. 67.96 lakhs), and EPS rose to Rs. 5.32 from Rs. 2.31. However, Q4 FY25 standalone results swung to a loss of Rs. 172.84 lakhs at the PAT level, mainly driven by a sharp jump in other expenses (Rs. 185.43 lakhs vs Rs. 46.01 lakhs in Q4 FY24). The statutory auditor (M/s Ranjit Jain & Co.) issued an unmodified opinion but included an Emphasis of Matter note regarding sundry debtors of about Rs. 2.61 crore outstanding for over 3 years and under sub-judice, for which no impairment has been provided. The company is listed on BSE and primarily operates in coal/coke trading & transportation and investment/finance segments.
Strong full-year growth in revenue and profits is a positive signal for shareholders, but the weak Q4 result and the auditor's emphasis on unrecovered old receivables under litigation are points to watch. Investors should monitor whether the sub-judice receivables are eventually recovered, as this could materially affect future earnings.