Kundan Minerals and Metals Limited has informed the Exchange about Copy of Newspaper Publication
Awaiting price reaction for this filing.
Kundan Minerals and Metals Limited (formerly Eastern Sugar & Industries) reported a major turnaround in FY25 with total income of Rs. 4,27,743.93 lakhs versus Rs. 116.10 lakhs in FY24. Net profit after tax for the full year was Rs. 12,793.54 lakhs compared to a loss of Rs. 5,292.83 lakhs in FY24. For Q4 FY25 alone, the company posted total income of Rs. 2,67,907.29 lakhs and net profit of Rs. 6,042.67 lakhs, with EPS of Rs. 9.99 versus a loss per share of Rs. 8.74 in Q4 FY24. Full-year EPS stood at Rs. 21.15. The results include a 100% acquisition of Kundan Concentrates Private Limited for Rs. 3,109.04 lakhs (effective October 2023), a 49% stake in Kundan Gold Mines, and a new Dubai-based subsidiary called Kundan Venture FZCO. The company's sole business segment is now precious metals and related products.
Strong positive — a full swing from loss-making to profit-making with massive revenue and earnings growth, driven by acquisitions and the pivot to precious metals. Shareholders should note the dramatic transformation, though the restated prior period numbers (effective acquisition date of Oct 2023) suggest significant business restructuring rather than purely organic growth.