Audited Standalone and Consolidated Financial Results for the quarter and year ended 31.03.2025.
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Paul Merchants Limited reported audited standalone and consolidated results for Q4 and FY25 (ended March 31, 2025) with the statutory auditors (Rajiv Goel & Associates) issuing a clean (unmodified) opinion on both sets of accounts. Standalone revenue from operations came in at about Rs. 57,808.78 lakhs for Q4 and Rs. 332,857.84 lakhs for the full year, sharply lower than the prior year's Rs. 85,351.44 lakhs and Rs. 650,184.76 lakhs, mainly because the gold loan business of subsidiary Paul Merchants Finance Pvt Ltd (PMFPL) was reclassified as a discontinued operation following its agreed slump sale to L&T Finance Limited (expected to complete in June 2025). Standalone profit after tax from continuing operations fell to Rs. 590.98 lakhs (FY24: Rs. 2,612.44 lakhs), and EPS dropped to Rs. 19.16 from Rs. 84.71. The company booked exceptional items of around Rs. 125.90 lakhs, including a Rs. 1.14 crore FEMA penalty and a Rs. 70,000 RBI penalty, both already paid, related to overseas remittance transactions from 2017-2018.
The headline revenue and profit fall reflects the planned exit from the gold loan business rather than weakening core operations; investors should track the forex, travel and money transfer segments going forward, while the FEMA penalty is a one-time, already-paid charge that does not impact ongoing cash flow.