Results - Financial results March 31, 2024
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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.