The Company has informed BSE that a meeting of the Board of Directors of the Company held on today i.e. November 14, 2025. The outcome of the meeting is attached herewith for your perusal and record.
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The Board of Directors of PDP Shipping & Projects Ltd met on November 14, 2025, and approved the unaudited standalone financial results for the half year ended September 30, 2025. Revenue from operations stood at ₹7,277.14 lakhs in H1 FY26, a sharp jump from ₹1,308.60 lakhs in H1 FY25. Profit after tax came in at ₹745.84 lakhs, up from ₹256.67 lakhs in the same period last year. The auditor (Bilimoria Mehta & Co.) issued an unmodified review report. The company also disclosed IPO fund utilisation status, with only ₹167.50 lakhs out of the ₹1,000 lakhs earmarked for working capital deployed so far.
Strong top-line and bottom-line growth signals a major scale-up in business, which is positive for shareholders. However, low utilisation of IPO proceeds for working capital (only ~17% deployed in 7 months) may raise questions on the pace of growth plans.