Results - Financial results March 31, 2024
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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 4.9 pts less than Nifty Microcap 250 and 4.0 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kesar India Limited reported strong growth for FY25 with standalone revenue from operations rising to ₹8,066.38 lakhs from ₹5,263.30 lakhs in FY24, a jump of about 53%. Standalone profit after tax (PAT) grew to ₹1,852.46 lakhs from ₹1,007.04 lakhs, an increase of roughly 84%. Consolidated revenue more than doubled to ₹10,779.06 lakhs and consolidated PAT climbed to ₹1,936.13 lakhs from ₹1,083.56 lakhs. Profitability margins improved as standalone PBT grew faster than total income. The statutory auditor (RHAD & Co.) issued an unmodified (clean) opinion on both standalone and consolidated results. The board also approved the re-appointment of Prachi Bansal & Associates as Secretarial Auditor (for FY25 through FY30) and M.C. Asawa & Co. as Internal Auditor for FY26. Notably, the company changed how it classifies share-trading activity — from October 1, 2024 onward such transactions are shown under revenue from operations instead of investments, which boosts reported top-line growth.
Strong revenue and profit growth signals improving core business performance, though the sharp jump in reported revenue is partly due to a reclassification of share-trading income. Both standalone and consolidated operating cash flows turned negative (₹998.61 lakhs and ₹778.40 lakhs respectively), indicating that reported profits did not translate into cash generation this year — a point worth watching. Overall, the clean audit and strong earnings are positive for shareholders.