Board of Directors at its meeting held today i.e. May 08, 2025 has, inter-alia considered and approved the following: 1. Audited Financial Results for quarter and year ended March 31, ....
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Mitsu Chem Plast's board approved audited results for Q4 and FY ended March 31, 2025, carrying an unqualified (clean) audit opinion from Gokhale & Sathe. FY25 revenue from operations rose to Rs. 33,227.84 lakhs (vs Rs. 31,124.99 lakhs in FY24, about 6.7% growth), while profit after tax declined to Rs. 725.08 lakhs from Rs. 886.22 lakhs (down roughly 18%), with EPS falling to Rs. 5.39 from Rs. 7.12. Operating cash flow was healthy at Rs. 1,516.28 lakhs (up from Rs. 935.25 lakhs) and the company significantly deleveraged long-term borrowings. The board recommended a final dividend of Rs. 0.20 per share (2% on Rs. 10 face value) subject to shareholder approval, and approved the re-appointment of Gokhale & Sathe as statutory auditors for a second 5-year term, a new secretarial auditor, and re-appointment of the internal auditor.
Mixed picture for shareholders: revenue growth is modest and bottom line shrank on a full-year basis despite a stronger Q4, while a small dividend and continued debt reduction are positives. The clean audit report and stable auditor appointments signal governance continuity.