NO AUDIT QUALIFICATION REPORT FOR THE F.Y. 2024-25
NIRLON · price
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Awaiting price reaction for this filing.
Nirlon Limited announced its audited financial results for Q4 and the full year ended March 31, 2025, with statutory auditors S R B C & CO LLP issuing a clean (unmodified) opinion — meaning no qualifications or adverse remarks. For FY25, total income rose to ₹64,496.87 lakhs from ₹60,735.54 lakhs in FY24 (up ~6.2%), while profit after tax grew to ₹21,818.85 lakhs from ₹20,555.62 lakhs (up ~6.1%), translating to an EPS of ₹24.21 versus ₹22.81. The board recommended a final dividend of ₹11 per share for FY25, which combined with the ₹15 per share interim dividend already paid in February 2025, takes total dividend for the year to ₹26 per share. The company continues to operate as a single-segment entity focused on licensing of investment properties, with investment properties of ₹1,86,933.30 lakhs forming the bulk of its ₹2,24,297.11 lakhs in total assets.
A clean audit opinion removes any governance or accounting red flags and is mildly positive for investor confidence. Combined with steady profit growth and a healthy total dividend of ₹26/share (~107% payout), this is a neutral-to-positive signal for existing shareholders, though the company's high borrowings (₹1,14,638 lakhs) remain a point to watch.