We submit herewith the Audited Financial Results (Standalone and Consolidated) for the Quarter and year ended 31.03.2025 duly approved at the Board Meeting held on today ie May 29, 2025 ....
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The Board of Meenakshi Steel Industries approved audited financial results for Q4 and FY ended March 31, 2025 on May 29, 2025. For the full year, revenue from operations fell to Rs. 1,777.07 lakhs from Rs. 2,178.61 lakhs in the previous year, a decline of about 18%. Q4 revenue also dropped sharply to Rs. 320.87 lakhs from Rs. 542.90 lakhs. Despite lower revenue, the company swung back to profit, posting a FY net profit of Rs. 84.12 lakhs versus a loss of Rs. 36.01 lakhs last year, with EPS improving to Rs. 5.36 from negative Rs. 7.36. The company, primarily engaged in finance and investment activities, also sharply cut borrowings from Rs. 18,600 lakhs to Rs. 10,600 lakhs during the year. Statutory auditor VRSK & Co. LLP issued an unmodified opinion on both standalone and consolidated results.
The results show a turnaround to profitability and significant deleveraging, which are positive for shareholders, though continued decline in revenue from operations and lower investment/loan book may raise concerns about future earnings momentum. Stock reaction will likely depend on whether investors focus on the bottom-line recovery and balance-sheet cleanup or on the shrinking operating activity.