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Awaiting price reaction for this filing.
La Tim Metal & Industries held its board meeting on May 28, 2025, approving audited standalone financial results for Q4 and FY ended March 31, 2025. The statutory auditor (M/s. Dhirubhai Shah & Co LLP) issued an unmodified opinion. M/s. Akkad Mehta & Co LLP was appointed as Internal Auditor for FY 2025-26. FY25 revenue from operations fell sharply to Rs. 25,658 lakhs from Rs. 34,848 lakhs in FY24, and the company swung to a loss after tax of Rs. 85.51 lakhs versus a profit of Rs. 765.24 lakhs last year. The company also confirmed no deviation in the use of Rs. 36.504 crore raised via the rights issue (allotment Feb 2024).
Shareholders should note the significant drop in revenue and return to loss in FY25, despite a clean audit opinion. The internal auditor appointment is routine and governance-positive, but the weak earnings are likely to weigh on sentiment in the near term.