Audited Financial Result for half-year and year ended 31st March, 2025
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Parmeshwar Metal Ltd reported strong FY25 results with revenue from operations rising 25.7% to Rs. 1,38,243 lakhs (vs Rs. 1,10,022 lakhs in FY24), driven by its copper products business. Profit after tax jumped 54% to Rs. 1,097.81 lakhs (vs Rs. 712.69 lakhs), translating to basic EPS of Rs. 6.34 (vs Rs. 5.13). The Board recommended a final dividend of Rs. 0.75 per equity share. The company, which listed on BSE SME in January 2025, raised Rs. 2,474 lakhs via the public issue and confirmed no deviation in utilisation of proceeds. However, operating cash flow turned sharply negative due to heavy working capital absorption in inventory and receivables, even as financing inflows from the share issue propped up cash balances. Auditor Gattani & Associates issued an unmodified opinion.
Strong topline and bottomline growth signals robust demand, but negative operating cash flow is a red flag on cash conversion that investors should monitor. The maiden dividend and clean audit opinion are positives for shareholders.