Compliance of Regulation 30 read with Part A of Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
PICCADIL · price
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Awaiting price reaction for this filing.
Piccadily Agro Industries filed audited Q4 and FY25 results along with an unmodified (clean) audit opinion from Jain & Associates. Standalone FY25 revenue from operations grew about 7% YoY to Rs. 88,625.65 lakhs, but net profit fell roughly 6.6% to Rs. 10,465.57 lakhs and EPS slipped to Rs. 11.09 from Rs. 11.89. The Distillery segment was the growth driver, with revenue up ~15% to Rs. 63,675.55 lakhs, while the Sugar segment revenue declined ~9% to Rs. 24,950.10 lakhs. The company is in heavy capex mode — capital work-in-progress jumped from Rs. 2,614 lakhs to Rs. 18,220 lakhs and total assets expanded 55% to Rs. 1,14,606 lakhs. Funding came largely from Rs. 23,700 lakhs of compulsorily convertible debentures/warrants and higher borrowings. Operating cash flow, however, turned negative at Rs. -2,528 lakhs in FY25 versus +Rs. 5,453 lakhs in FY24.
Mixed signals for shareholders: topline growth and aggressive distillery capacity expansion are positives, but the PAT decline, negative operating cash flow, and significantly higher borrowings (LT borrowings up from Rs. 5,944 to Rs. 14,204 lakhs) are concerns to watch. Q4 YoY weakness in revenue and profit suggests near-term pressure despite the full-year growth story.