Outcome of Board Meeting held on May 30, 2025
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The Board approved standalone audited financial results for the half-year and year ended March 31, 2025, with an unmodified opinion from statutory auditors Ratan Chandak & Co LLP. Revenue from operations grew sharply to Rs. 8,731.11 lakhs from Rs. 6,216.59 lakhs, up about 40% year-on-year, while profit after tax rose to Rs. 816.40 lakhs (from Rs. 672.94 lakhs), translating to a basic EPS of Rs. 5.75. Total assets more than doubled to Rs. 11,742.34 lakhs, driven mainly by a big jump in trade receivables and inventories. The Board also appointed D Maurya & Associates as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval at the AGM. The auditor flagged an Emphasis of Matter regarding trade receivables of Rs. 12.81 lakhs overdue for over three years, though management considers them recoverable.
Strong top-line growth and higher profits are positive for shareholders, but the surge in receivables and negative operating cash flow of Rs. 3,087.90 lakhs (funded largely by fresh equity and borrowings) suggest working-capital strain worth watching. The Emphasis of Matter on old overdue receivables is a minor governance flag but not a qualification.