We are submitting the Notice and Annual Report for the financial year 2024-25 The 32nd AGM is being scheduled on 19.09.2025 S Aravinthan Company Secretary
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National Fittings Ltd filed its 32nd Annual Report for FY 2024-25 along with the notice for its AGM scheduled on 19 September 2025. Total income from operations stood at Rs 81.10 crore, up 6% from Rs 76.53 crore in FY 23-24. Net profit after tax jumped nearly 4x to Rs 23.30 crore from Rs 5.84 crore, with EPS rising to Rs 25.66 from Rs 6.43 and ROE improving sharply to 28.78% from 8.6%. The strong profit growth was largely driven by exceptional gains of Rs 41.5 crore from the sale of its Thekkalur unit (Rs 28 crore) and Dindigul operations (Rs 13.5 crore), with capacity relocated to the Vedasandur Foundry Division. The Board recommended a dividend of Re 1 per share (total Rs 90.83 lakhs) and capital expenditure of Rs 7.51 crore was made on infrastructure and valve design. The company also flagged a pending promoter transition awaiting regulatory clearance, with incoming promoters bringing 40+ years of casting industry experience to support backward integration.
For shareholders, the headline numbers look exceptional but are inflated by one-time asset sale gains; underlying operating margins improved modestly to 8.7%. The reduced dividend (Rs 90.83 lakh vs Rs 136.25 lakh) reflects lower payout despite higher profits. The promoter change and backward integration plans could be a positive structural catalyst, though execution and regulatory approval remain key watchpoints.