Submission of board meeting outcome - audited financial results, final dividend and others
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The board approved audited financial results for Q4 and FY25 (ended March 31, 2025), with the statutory auditor issuing an unmodified opinion. Revenue from operations grew modestly to Rs. 42,879.75 lakhs in FY25 vs Rs. 41,365.90 lakhs in FY24 (~3.7% growth). However, profit before tax collapsed sharply to Rs. 154.35 lakhs from Rs. 1,050.77 lakhs (~85% drop), and PAT fell to Rs. 115.17 lakhs (EPS Rs. 1.27 vs Rs. 8.63 earlier). The board recommended a dividend of Rs. 0.50 per share (face value Rs. 10) for FY25. Additionally, the board approved the sale of 8 acres of unused vacant land at Gangaikondan to Arva Storage Solutions Pvt Ltd (a related party where the promoter group is interested) at arm's length basis, expected to complete by December 31, 2025. Sri. Raj Kumar Agarwal was appointed as Whole-time Director (Executive Director) for 3 years from July 1, 2025.
Sharp profit decline despite modest revenue growth signals significant margin pressure, likely from higher input costs, which may concern shareholders. The small dividend of Rs. 0.50/share indicates cautious capital return. The related-party land sale, though termed non-material and at arm's length, warrants investor attention given promoter group interest.