Upon recommendation of audit committee, the board of directors has approved the audited financial results/statements for the half year and year ended March 31, 2025.
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PDP Shipping & Projects Limited's board approved audited standalone and consolidated financial results for the half year and full year ended March 31, 2025. Revenue from operations grew roughly 36% year-on-year to ₹2,781.71 lakhs, up from ₹2,051.52 lakhs in FY24, showing strong top-line momentum. However, profit after tax slipped to ₹187.38 lakhs from ₹210.12 lakhs in the prior year, indicating margin pressure despite the revenue jump. The board also appointed new internal auditors and secretarial auditors for FY26. This is the company's first set of audited results since listing on BSE's SME platform in March 2025 via an IPO of 9.37 lakh shares. The statutory auditor, Bilimoria Mehta & Co., issued an unmodified (clean) opinion on the standalone results.
Mixed first set of post-IPO numbers — strong topline growth on business expansion, but bottom-line contraction will likely draw investor attention to rising costs. The clean audit opinion is a positive, but the divergence between revenue and profit growth may weigh on near-term sentiment.