Submission of Annual Report for the FY 2024-25
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Parker Agrochem Exports Ltd has submitted its 32nd Annual Report for FY 2024-25 to BSE. Gross income surged sharply from Rs. 545.50 lakhs to Rs. 6,625.93 lakhs year-on-year, but the company swung to a loss before tax of Rs. 21.85 lakhs (vs profit of Rs. 101.76 lakhs in FY23-24) and a loss after tax of Rs. 20.25 lakhs. The business continues to focus on renting storage tanks and exploring trading in agricultural commodities, metals, gold and silver. No dividend has been declared due to weak profits and past losses. The 32nd AGM is scheduled for 30th September 2025 via video conferencing, with resolutions including reappointment of auditor M/s. Shah & Shah Associates for another 5-year term and appointment of Mr. Bharat K. Shah as Independent Director following the demise of Mr. Jitendrakumar Thakkar in September 2024.
Shareholders should note the mixed picture — topline grew over 12x but margins turned negative, raising concerns about cost efficiency and profitability in the commodity trading business. The loss after tax and absence of dividend are negatives, though the board change and long-term auditor continuity suggest stable governance.