Approval of the Audited Financial Results along with Limited Review Report for the half year and year ended 31st Mar 2025 of the Company. Appointment of Internal Auditor of the Company ....
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The Board of Directors of Paradeep Parivahan Ltd, at its meeting held on 22nd May 2025, approved the audited standalone financial results for the half-year and full year ended 31st March 2025, with an unmodified (clean) opinion from statutory auditors RKP Associates. Revenue from operations grew strongly to Rs. 33,581.65 lakhs in FY25 from Rs. 21,126.95 lakhs in FY24 (~59% growth), while profit after tax rose to Rs. 2,417.10 lakhs from Rs. 1,461.04 lakhs (~65% growth), translating to an EPS of Rs. 21.15. The Board also appointed M/s. S Nayak & Associates as Internal Auditor and M/s. Biswajit Mahapatra & Associates as Secretarial Auditor for FY 2025-26. This is the first set of audited results following the company's IPO and listing on BSE's SME platform on 24th March 2025.
Strong revenue and profit growth in the first reported full year post-IPO should be viewed positively by shareholders. The clean audit opinion, robust cash balances of Rs. 5,531.49 lakhs (up from Rs. 356.89 lakhs last year, boosted by IPO proceeds of Rs. 44.86 crores), and routine auditor appointments indicate a stable, well-governed small-cap with no negative governance signals.