Annual Report for FY 24-25
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Poona Dal & Oil Industries has filed its 33rd Annual Report for the financial year ended March 31, 2025. Revenue from operations jumped to Rs. 14,720 lakhs in FY25 from Rs. 9,840.15 lakhs in FY24, a growth of about 49.6%, driven entirely by the Oil Division (Agro Division contributed nil). Profit after tax rose to Rs. 134.29 lakhs from Rs. 77.72 lakhs, up roughly 73%, pushing EPS to Rs. 2.35 from Rs. 1.36. The Board has decided not to recommend any dividend to conserve cash and reduce finance costs. The Company is also seeking shareholder approval for material related party transactions worth up to Rs. 200 crores with promoter-group entities, and for increased managerial remuneration for the Managing Director, Mr. Sujit D. Parakh. There were no qualifications from the statutory or secretarial auditors.
Strong year for shareholders: both top line and bottom line grew sharply, with profits growing faster than revenue, suggesting margin improvement. However, the absence of a dividend and the large Rs. 200 crore related party transaction proposal (with promoter-group firms) are points shareholders should weigh, as RPTs of this scale warrant close scrutiny.