Keerthi Industries Limited has furnished the Outcome of the Board Meeting held on May 29, 2025 for the Consideration and approval of the Financial Results for the quarter and year ended March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited financial results for Q4 and FY ended March 31, 2025, reporting a sharp deterioration in performance. Revenue from operations fell to ₹11,974 lakhs from ₹21,212 lakhs in FY24, a decline of roughly 43%, driven mainly by the cement segment which saw sales halve to ₹9,667 lakhs. Net loss for the year widened to ₹2,277 lakhs versus ₹1,569 lakhs in FY24, with EPS at negative ₹28.54. The company also approved the slump sale of its profitable Electronics Division (PCB manufacturing) to Hyderabad Bottling Co Pvt Ltd, and appointed new Secretarial and Cost Auditors. The statutory auditor issued an unqualified (unmodified) opinion on the results.
Sharp revenue decline and widening losses are negative for shareholders and likely to weigh on the stock. Divesting the only profitable segment (Electronics) is concerning, though it could bring in cash; shareholder approval via postal ballot will be the next key event.