Announced Tue, 27 May · 20:54 IST

Pursuant to Regulation 32(1) of SEBI (LODR) Regulations, 2015, we hereby confirm for the quarter ended March 31, 2025 there is no deviation or variation in the utilisation of issue proceeds ....

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AI summary

PDP Shipping & Projects announced the outcome of its board meeting held on May 26, 2025, where directors approved the audited standalone and consolidated financial results for the half-year and full year ended March 31, 2025. For FY25, total income stood at Rs 7,240.34 lakhs (audited, year ended) with profit after tax of Rs 237.47 lakhs versus Rs 210.12 lakhs in FY24, translating to an EPS of Rs 10.18. The statutory auditor, Bilimoria Mehta & Co., issued an unmodified (clean) opinion on the results. The board also appointed M/s Abhishek M Agrawal & Co. as Internal Auditors and M/s M Sancheti & Associates as Secretarial Auditors for FY 2025-26. This is the company's first set of audited results since its IPO on the BSE SME platform on March 18, 2025, where it issued 9.37 lakh equity shares at Rs 135 each (Rs 10 face + Rs 125 premium).

Likely market impact

Clean audit opinion and positive full-year earnings in the first reporting period post-IPO should be reassuring for new shareholders. Sharp revenue growth and steady profitability indicate operational momentum, though EPS dipped slightly year-on-year due to share dilution from the recent listing.