Result - 31.03.2025
Price
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Awaiting price reaction for this filing.
Piotex Industries, listed on BSE SME in May 2024, reported its first full-year audited results as a listed company. Revenue from operations grew to Rs.13,435.66 lakhs in FY25 from Rs.11,845.92 lakhs in FY24, a rise of about 13%. Net profit stood at Rs.336.26 lakhs versus Rs.300.80 lakhs last year, up roughly 12%. EPS came in at Rs.6.85, lower than Rs.8.48 in FY24 due to share count expansion from the IPO. The statutory auditor (SVJK and Associates) issued an unmodified (clean) opinion on the results. The board also appointed a new internal auditor and a new secretarial auditor for the upcoming term.
Modest topline and bottomline growth, combined with EPS dilution from the recent IPO, may limit near-term excitement for shareholders. The sharp drop in trade payables to micro/small enterprises from Rs.1,623 lakhs to Rs.19 lakhs is a positive governance signal, but investors should watch working capital and cash flow trends closely.