With reference to captioned subject, it is informed you that pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the meeting of Board ....
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The board approved audited financial results for the quarter and full year ended March 31, 2025, with an unmodified audit opinion from KPSJ & Associates LLP. On a standalone basis, Palco Metals itself showed almost no operating activity (revenue of just ₹30.43 lakhs, same as last year) and slipped into a loss of ₹32.66 lakhs versus a profit of ₹2.80 lakhs in FY24. However, on a consolidated basis (which includes subsidiary Palco Recycle Industries Limited), revenue jumped to ₹24,733.37 lakhs from ₹19,445.18 lakhs, a growth of about 27%, while profit after tax rose to ₹629.53 lakhs from ₹503.35 lakhs, roughly 25% higher. Consolidated EPS improved to ₹15.76 from ₹12.57. The subsidiary contributed virtually all of the group's revenue (₹24,595.79 lakhs) and net profit (₹662.12 lakhs).
Shareholders should note that the listed entity (Palco Metals standalone) is now loss-making, while all meaningful business activity sits in the subsidiary. The consolidated picture is healthy — strong double-digit revenue and profit growth — which is what will drive the stock's valuation. The standalone weakness and a sharp jump in standalone current liabilities (from ₹9.15 lakhs to ₹2,287.61 lakhs) are worth monitoring.