We Wish to inform you that the Board of Directors of the Company at its meeting held today, on Friday, 30th May, 2025, at registered office of the Company, which commenced at 02:45 P.M. ....
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The Board of L.K. Mehta Polymers met on 30 May 2025 and approved audited financial results for the half year and full year ended 31 March 2025, along with the annual audited financial statements. Revenue from operations rose modestly to Rs 1,896.58 lakhs in FY25 from Rs 1,852.50 lakhs in FY24 (about 2.4% growth). Profit after tax increased to Rs 60.43 lakhs from Rs 58.46 lakhs, while basic EPS fell to Rs 2.08 from Rs 9.35 due to a sharp increase in share count following the company's IPO in February 2025. The Board also appointed M/s. NPG & Co., Practising Company Secretaries (CS Neelesh Gupta) as the Secretarial Auditor for FY 2024-25 for a one-year term. Statutory Auditor DCJ & Associates issued an unmodified (clean) opinion on the financial statements. The company recently listed on BSE (Scrip Code 544366) after raising funds through an IPO of 10.40 lakh equity shares at Rs 71 each.
Clean audit opinion and steady profitability support investor confidence, though the sharp drop in EPS is purely a function of share dilution from the recent IPO and not a deterioration in earnings. Negative operating cash flow (-Rs 176.63 lakhs vs +Rs 176.61 lakhs last year) is a watchpoint, as profits are not yet translating into cash generation, although the cash balance has been boosted by IPO proceeds.