Outcome of Board meeting
Price
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Awaiting price reaction for this filing.
Phoenix International Limited's Board (met May 30, 2025) approved audited standalone and consolidated financial results for Q4 and full year ended March 31, 2025. Statutory auditors PMPK & Co. issued an unmodified (clean) opinion on both sets of results. On a standalone basis, full-year revenue from operations fell about 12.5% to Rs 2,404.28 lacs (vs Rs 2,747.75 lacs in FY24), while net profit dropped roughly 29% to Rs 170.20 lacs (vs Rs 240.26 lacs). Q4 standalone net profit declined sharply to Rs 32.58 lacs from Rs 112.55 lacs a year ago. The Manufacturing segment swung to a loss (Rs -10.06 lacs segment result in Q4), while the Rent segment remained profitable. Long-term borrowings came down to Rs 5,089 lacs from Rs 6,344 lacs. The Board also re-appointed M/s Anant & Co as Internal Auditor for FY26 and appointed M/s Indu Sisodia & Associates as Secretarial Auditor for FY25.
A clear decline in both top line and bottom line, combined with weakness in the manufacturing segment, is a negative signal for shareholders and may pressure the stock. However, a clean audit opinion, stable auditor appointments, and reduction in long-term debt are mild positives.