Khaitan (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
KHAITANLTD · price
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Khaitan (India) Limited reported a strong 53% jump in quarterly revenue to ₹2,966 lakhs (from ₹1,938.75 lakhs a year ago), driven almost entirely by its Electrical Goods segment which surged to ₹2,956.88 lakhs from ₹1,036.58 lakhs. However, profit after tax fell about 25% to ₹156.39 lakhs (from ₹208.45 lakhs), with EPS dropping to ₹3.29 from ₹4.39, indicating sharp margin compression as costs grew faster than revenue. The Sugar division continues to have suspended production with no revenue and a segment loss of ₹12.60 lakhs. The statutory auditor issued a qualified conclusion, flagging that the suspended sugar mill should have been classified as a discontinued operation rather than a continuing business, and added an emphasis of matter noting that several trade receivable, payable, loan and deposit balances remain unreconciled and unconfirmed.
Mixed signals for shareholders: top-line growth from the electrical goods business is encouraging, but declining profitability and the auditor's qualifications on sugar division accounting and unreconciled balances raise governance and earnings-quality concerns. Investors should watch whether management restructures or divests the loss-making sugar unit and whether pending balance confirmations reveal any material adjustments.