Financial Results for the year ended 31st March 2025
NEAGI · price
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Neelamalai Agro Industries reported standalone revenue from operations of Rs. 2,323.67 lakhs for FY25, down from Rs. 2,534.43 lakhs in FY24 (a decline of about 8%). Standalone net profit fell sharply to Rs. 344.92 lakhs from Rs. 2,087.51 lakhs, though the previous year was boosted by a Rs. 1,773.60 lakhs exceptional gain on sale of land. This year the company booked a negative exceptional item of Rs. 85 lakhs as a provision for past-period employee benefits. Profit before exceptional items and tax collapsed to just Rs. 39.23 lakhs from Rs. 516.70 lakhs, indicating significant pressure on core plantation operations. Basic EPS dropped to Rs. 55.45 from Rs. 335.58. The board recommended a lower dividend of Rs. 30 per share (300%) versus Rs. 50 (500%) last year. Operating cash flow remained negative at Rs. (388.30) lakhs. The statutory auditor (PKF Sridhar & Santhanam LLP) issued an unmodified opinion.
Shareholders see weaker core earnings and a reduced dividend payout, though the prior year's PAT was flattered by a one-time land sale. The decline in operating profit and continued negative operating cash flow suggest stress in the plantation business and may weigh on the stock in the near term.