Please find enclosed herewith the Audited Financial Result, along with the Auditor Report for the financial year ended 31st March,2025, and Declaration on Unmodified opinion.
Awaiting price reaction for this filing.
Auto Pins (India) Ltd reported a sharp decline in FY25 results. Revenue from operations fell to Rs 4,642.78 lakhs from Rs 6,433.76 lakhs in FY24, a drop of about 28%. Profit before tax dropped to Rs 45.77 lakhs (vs Rs 164.75 lakhs), and net profit after tax fell to Rs 33.29 lakhs (vs Rs 103.49 lakhs), a decline of roughly 68%. EPS for the year stood at Rs 0.58 vs Rs 1.81 previously. The Board did not recommend any dividend. Operating cash flow turned positive at Rs 128.95 lakhs versus an outflow last year. The statutory auditor issued an unmodified opinion but included an Emphasis of Matter note stating that the company has not made any provision for employee gratuity and leave liability, accounting for these only on a cash basis at retirement or separation.
Sharply lower revenue and profits signal weak demand or pricing pressure in the company's automotive springs business, which may weigh on near-term sentiment. The cash-basis treatment of gratuity and leave liabilities is a red flag for retail investors as it understates current liabilities and could result in a sudden hit to earnings when employees retire or leave.