Approved the appointment of M/s. S.R. Batliboi & Co. LLP, Chartered Accountants, (ICAI Firm Regn. No. 301003E/ E300005) as Statutory Auditors of the Company
NDRAUTO · price
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Awaiting price reaction for this filing.
NDR Auto Components reported strong FY25 results with standalone revenue growing ~18.5% YoY to Rs. 712.78 crores and profit after tax rising ~36.7% YoY to Rs. 45.08 crores; consolidated PAT stood at Rs. 53.26 crores. The Board recommended a dividend of Rs. 2.75 per share (27.5%) with a record date of July 3, 2025. S.R. Batliboi & Co. LLP was appointed as the new statutory auditor for five years, replacing S.S. Kothari Mehta & Co. LLP whose term ends at the 6th AGM on July 10, 2025. The company also announced a 50:50 joint venture with Japan's Hayashi Telempu to manufacture auto components like ambient lights, carpets, and tonneau covers, and reappointed three independent directors for a second five-year term. A pending income tax demand of Rs. 502.20 lakhs plus Rs. 94.68 lakhs penalty was disclosed as a contingent liability, with the company filing appeals.
Strong earnings growth and a healthy dividend are positive for shareholders, while the new JV with a Japanese partner signals business expansion into newer auto component categories. The auditor change is a routine rotation and the income tax demand, though disclosed, is being contested and is not expected to immediately affect financials.