Please find enclosed copy of Newspaper Publication of Audited Financial Results for Quarter & Year ended 31.03.2025.
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Modern Steels Ltd has published its audited financial results for the quarter and full year ended 31 March 2025 in newspapers, as required by SEBI listing rules. For Q4 FY25, net profit jumped sharply to Rs 453 lakhs from Rs 97 lakhs in Q4 FY24, on total income of Rs 482 lakhs (vs Rs 549 lakhs YoY). For the full year FY25, the company reported a net profit of Rs 444 lakhs compared to Rs 57 lakhs in FY24 — roughly a 7-8x jump. Basic and diluted EPS for FY25 stood at Rs 3.23, up from Rs 0.41 in FY24. Equity share capital remained Rs 1,440 lakhs, while reserves swung from a negative Rs 101 lakhs to a positive Rs 343 lakhs, indicating a strong balance sheet improvement.
This is a strongly positive result — the company swung from a barely profitable year to a multi-fold increase in earnings, with EPS nearly 8 times higher YoY and reserves turning positive. Shareholders may view this as a significant turnaround story, though the modest total income (Rs 187 lakhs for FY25 vs Rs 549 lakhs for Q4 FY24 alone) suggests the profit surge may partly stem from exceptional items or cost reductions rather than top-line growth.