Annual report 2024-25
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Popular Foundations Ltd, a Chennai-based construction company, filed its 27th Annual Report for FY2024-25 along with the AGM notice. Total income rose to Rs 59.05 crore from Rs 51.91 crore in FY24, a growth of about 14%. Profit after tax increased to Rs 3.81 crore from Rs 3.46 crore, up roughly 10%. Operating profit before depreciation and tax improved to Rs 5.89 crore from Rs 4.24 crore, showing margin expansion. The Board has decided not to recommend any dividend for FY25 and transferred Rs 7.87 crore to general reserves. The statutory auditor (Krishaan & Co.) issued a clean report with no adverse comments, and the secretarial auditor also reported compliance. The 27th AGM is scheduled for September 24, 2025 via video conferencing.
Steady revenue and profit growth with improved operating margins is positive for shareholders, though the absence of a dividend and the small absolute size of the company may limit stock price excitement. The clean audit reports and stable order book suggest operational continuity.