Outcome of Board Meeting held on 24th May, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Patels Airtemp India Ltd, at its meeting on 24th May 2025, approved the audited standalone financial results for Q4 and FY ended 31st March 2025. Total revenue from operations rose modestly to Rs. 38,781.63 lakhs (FY24: Rs. 37,076.17 lakhs), but profit after tax nearly doubled to Rs. 1,469.45 lakhs from Rs. 777.18 lakhs in FY24, reflecting strong margin expansion. Q4 was even sharper, with PAT jumping to Rs. 449.33 lakhs from Rs. 133.42 lakhs a year ago. Statutory auditors M/s. Parikh & Majmudar issued an unmodified (clean) opinion. The Board also recommended a Rs. 3 per share dividend (30%) subject to shareholder approval, and appointed CS Punit Santosh Kumar Lath as Secretarial Auditor for five years (FY2025-26 to FY2029-30).
Sharply higher profits and a 30% dividend signal strong operational performance and shareholder rewards, which should be viewed positively by investors. However, the auditor's Emphasis of Matter note about pending balance confirmations from suppliers and customers is a minor watch-item.