Outcome of Board meeting held on May 27, 2025
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The board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. On a consolidated basis, revenue from operations rose to Rs. 602.22 crore (from Rs. 526.20 crore in FY24, about 14.5% growth), while net profit was largely flat at Rs. 29.22 crore versus Rs. 30.01 crore. Standalone revenue, however, fell roughly 10.7% to Rs. 153.16 crore with net profit down to Rs. 10.29 crore from Rs. 12.01 crore. The board recommended a dividend of Rs. 0.10 per share (10%) subject to shareholder approval. The company plus subsidiary Oriental Foundry Pvt Ltd reported a combined order book of Rs. 2,242.42 crore. M/s. Shiv Hari Jalan & Co. was appointed as Secretarial Auditor for five years from FY26 to FY30. Statutory auditor Anil Bansal & Associates issued an unmodified opinion on both sets of results.
Strong order book visibility and a modest dividend support sentiment, but the negative consolidated operating cash flow (Rs. 23.52 crore outflow vs Rs. 5.78 crore inflow last year) and weak standalone numbers are points to watch. For shareholders, the dividend is small but the Rs. 2,242 crore order pipeline gives near-term revenue comfort.