Outcome of board meeting dated 28.05.2025
Awaiting price reaction for this filing.
The board approved the audited standalone financial results for Q4 and the full year ended March 31, 2025, with the statutory auditor (M/s Anant Rao & Mallik) issuing an unqualified (clean) opinion. For FY25, revenue from operations rose marginally to Rs. 8,538.65 lakhs from Rs. 8,431.70 lakhs in FY24, while net profit dipped slightly to Rs. 488.76 lakhs (FY24: Rs. 508.48 lakhs), translating to EPS of Rs. 2.31 versus Rs. 2.40. Q4 FY25 showed a strong turnaround with net profit of Rs. 78.25 lakhs against a loss of Rs. 233.53 lakhs in Q4 FY24, though revenue at Rs. 2,181.86 lakhs was driven by higher cost of materials consumed. The board appointed CS Ajay Suman Shrivastava as Secretarial Auditor for five years (FY25-26 to FY29-30) and reappointed M/s Krishna and Suresh as Internal Auditor for FY25-26. It also noted an update on the ongoing Scheme of Amalgamation between Narbada Gems & Industries Limited and Uday Jewellery Industries Limited, and confirmed NIL penalties from BSE for the quarter.
Full-year results are largely flat with a marginal revenue uptick and a small dip in profits, but the sharp Q4 swing back to profit is a positive signal. Shareholders should watch the pending amalgamation scheme as a potential structural event, while the clean audit opinion and absence of BSE penalties support basic compliance credibility.