Outcome of the Meeting of Board of Directors Held on Saturday, May 24, 2025 At 01:00 P.M.
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Prabhu Steel Industries' board, which met on May 24, 2025, approved the audited standalone financial results for FY25 along with the appointment of M/s Sonu Sharma & Associates as the new Internal Auditor for FY25-26. Revenue from operations fell about 17% to Rs 1,259.32 lakh from Rs 1,517.37 lakh in FY24, while total income dropped to Rs 1,327.01 lakh from Rs 1,539.29 lakh. The company slipped into a net loss of Rs 55.75 lakh in FY25 versus a profit of Rs 116.38 lakh last year, largely because FY24 had a one-time exceptional gain of Rs 206.26 lakh from sale of property; without that gain, the underlying PBT actually improved from a loss of Rs 21.25 lakh to a profit of Rs 23.57 lakh. Statutory auditor Manish N Jain & Co. issued an unmodified opinion, and total borrowings were cut sharply from Rs 325.74 lakh to Rs 160.47 lakh. However, operating cash flow remained negative at Rs (218.10) lakh, though better than Rs (399.13) lakh in FY24.
Mixed for shareholders - core operations improved and debt was reduced, but the top line shrank and reported PAT turned negative because last year's numbers were propped up by a one-off property sale; the persistent negative operating cash flow remains a watchpoint and could weigh on the stock.