Outcome of the Board meeting held on October18, 2025
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The Board of Directors of Oval Projects Engineering Ltd approved the unaudited financial results for the half year ended September 30, 2025. Standalone revenue from operations nearly doubled to Rs. 6,154.24 lakhs compared to Rs. 3,145.33 lakhs in the same period last year. Standalone profit after tax rose to Rs. 677.03 lakhs from Rs. 387.21 lakhs, with EPS improving to Rs. 4.27 from Rs. 2.82. The Board also approved the incorporation of a joint venture company with Oval Fresh Private Limited in a 51:49 ratio for the purpose of tender participation. Additionally, the company has utilized Rs. 1,689.53 lakhs out of Rs. 4,674.32 lakhs raised through its public issue, leaving Rs. 2,590.69 lakhs unutilized as of September 30, 2025.
The strong YoY growth in both revenue and profits signals healthy business momentum for retail investors. The JV with a related party (Oval Fresh Private Limited) is a small step for tender participation and is unlikely to materially move the stock, though it may open up new bidding opportunities.