Kritika Wires Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
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Kritika Wires' Board, at its meeting on May 9, 2025, approved the audited financial results for the quarter and full year ended March 31, 2025. The statutory auditor, M/s. G.P. Agrawal & Co., issued an unmodified (clean) opinion on the results. For FY25, profit before tax stood at Rs. 1,480.24 lakh versus Rs. 1,381.56 lakh in FY24, indicating modest growth. The company's total assets grew to Rs. 17,962.78 lakh (from Rs. 15,253.41 lakh) and total equity rose to Rs. 9,440.40 lakh. However, operating cash flow declined sharply to Rs. 672.25 lakh (from Rs. 1,368.64 lakh), and cash & cash equivalents at year-end fell to Rs. 333.06 lakh from Rs. 1,893.36 lakh, largely due to significant loans extended to body corporates (Rs. 3,981 lakh). The company also disclosed expansion via a new leased factory premise in Bhubaneshwar, Odisha.
Clean audit opinion and continued profitability are positive for investor confidence, but the steep drop in operating cash flow and year-end cash balance may warrant attention. Shareholders should watch the company's loans to body corporates and capex plans for any impact on liquidity going forward.