OUTCOME OF BOARD MEETING HELD ON 28.05.2025
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The board approved audited standalone and consolidated financial results for the quarter and full year ended March 31, 2025, along with the auditor's report carrying an unmodified (clean) opinion. On a standalone basis, revenue from operations fell about 5.7% YoY to ₹9,432.30 lakhs, while profit after tax dropped roughly 23% YoY to ₹1,010.62 lakhs, with EPS at ₹9.20 versus ₹12.01 last year. Consolidated numbers were weaker, with revenue declining about 8.2% YoY to ₹10,314.46 lakhs and profit after tax falling around 22% YoY to ₹1,028.59 lakhs. Interest and finance costs rose notably (up about 13.5% on a consolidated basis), and the debt-to-equity ratio jumped from 0.17 to 0.33 as borrowings grew. The board also appointed Piyush J Shah & Co. as the new internal auditor for FY 2025-26.
Profitability weakened sharply despite a relatively modest drop in revenue, signalling margin compression and higher finance costs that shareholders should note. The clean audit opinion is reassuring, but the steep fall in earnings, rising leverage, and negative working-capital pressures on cash generation may weigh on short-term stock sentiment.