Outcome of Board Meeting held on 13th May, 2025.
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Board meeting on May 13, 2025 approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025 with an unmodified audit opinion from Price Waterhouse. FY25 standalone revenue from operations grew ~35% YoY to Rs. 2,807.23 crores, but profit after tax was nearly flat at Rs. 98.14 crores (vs Rs. 98.75 crores). The growth was driven by a massive scale-up in the consumer durables segment (Rs. 392 cr to Rs. 1,497 cr), while textiles and digital infrastructure segments shrank. An exceptional item of Rs. 6 crores was booked for employee severance (VRS at Nadiad unit). The Board recommended a final dividend of Re. 1 per share (50% on face value) with July 25, 2025 as record date. Mrs. Smita Jhanwar will replace Mr. Milan Shah as CFO effective June 1, 2025, and a new subsidiary was approved in principle.
Shareholders get a 50% final dividend plus the consumer durables segment is delivering strong topline growth, but weak FY25 operating cashflow (Rs. 91 cr outflow vs Rs. 163 cr inflow last year), a flat bottom line, and a Rs. 168 cr mark-to-market hit on equity investments weigh on overall sentiment. The NCLT-related emphasis of matter and capital reorganization add some technical noise but the audit opinion remains clean.