Outcome of Board Meeting, Submission of Audited Financial Results for the Quarter and Financial Year ended March 31, 2025 and Recommendation of a Final Dividend
METROGLOBL · price
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Metroglobal Ltd's board approved audited results for FY25 on May 12, 2025. Total income rose modestly to ₹25,366.36 lakhs (standalone) from ₹24,592.44 lakhs in FY24, a ~3% growth. Profit before exceptional items and tax grew ~36% to ₹2,841.66 lakhs, showing healthy operational performance. However, the company booked a one-time exceptional loss of ₹1,694.35 lakhs as a write-off related to the Corporate Insolvency Resolution Process (CIRP) of Mundara Estate Developers Ltd, where only ₹1,040 lakhs was recovered against admitted claims. After this write-off, standalone profit after tax fell ~41% to ₹936.31 lakhs (FY24: ₹1,588.65 lakhs). Q4 FY25 standalone PAT turned negative at ₹(731.71) lakhs versus ₹3,650.99 lakhs in Q4 FY24. The board recommended a final dividend of ₹2 per share (20%) on equity shares of ₹10 face value, subject to shareholder approval. Operating cash flow remained positive at ₹1,424.29 lakhs.
Strong underlying business performance with profit-before-exceptional-items growth of ~36% was overshadowed by the Mundara CIRP write-off, dragging full-year PAT down sharply. Q4 turned into a loss. The continued 20% dividend signals management's confidence in cash generation, but the exceptional write-off may weigh on near-term investor sentiment.