Outcome of the Meeting of the Board of Directors of Khandelwal Extractions Limited held today i.e. Thursday, May 29, 2025.
Awaiting price reaction for this filing.
The board of Khandelwal Extractions approved the audited financial results for Q4 and the full year ended March 31, 2025. Revenue from operations fell to Rs. 72.81 lakhs from Rs. 78.40 lakhs a year ago, and total revenue declined to Rs. 91.33 lakhs from Rs. 101.34 lakhs. Full-year profit after tax stood at Rs. 29.60 lakhs (EPS Rs. 3.48) versus Rs. 34.04 lakhs (EPS Rs. 4.00) in FY24. The March quarter, however, slipped into a loss of Rs. 3.46 lakhs against a small profit of Rs. 0.55 lakhs in the year-ago quarter. Statutory auditors P.L. Tandon & Co. gave an unmodified (clean) opinion on the results, and Banthia & Co. was appointed as Secretarial Auditor for a five-year term effective April 1, 2025, subject to shareholder approval.
A clean audit and routine auditor appointments support compliance standing, but declining revenue, a profit dip, and a Q4 loss point to weakening operating performance that may concern investors.