Ndr Auto Components Limited has informed the Exchange regarding Board meeting held on May 09, 2025.
NDRAUTO · price
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On the reaction day the stock moved 7.9 pts more than Nifty Microcap 250 and 8.2 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations rose to Rs 71,277.91 lakhs from Rs 60,157.01 lakhs (~18.5% growth), while standalone profit after tax grew ~37% to Rs 4,508.38 lakhs (EPS of Rs 18.95 vs Rs 13.87). Consolidated PAT grew ~38% to Rs 5,325.79 lakhs with EPS of Rs 22.39. The statutory auditor (S.S. Kothari Mehta & Co.) issued an unmodified opinion but included an Emphasis of Matter on Income Tax search-related demands of Rs 502.20 lakhs plus Rs 94.68 lakhs penalty, disclosed as contingent liability. The board recommended a final dividend of Rs 2.75 per share (27.5%) with record date July 3, 2025, and approved a 50:50 joint venture with Japan's Hayashi Telempu to manufacture auto interior components in India. S.R. Batliboi & Co. LLP was appointed as new statutory auditor for five years, replacing the outgoing auditor.
Strong earnings growth (~37% PAT) and a healthy dividend signal solid operational performance, while the new Hayashi JV opens a diversification avenue. However, the Income Tax demand disclosed as a contingent liability and the auditor's Emphasis of Matter on this matter warrant close monitoring. Change of statutory auditor and the tax-related overhang are minor near-term watchpoints.