Intimation of Board Meeting Outcome
PRADPME · price
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Pradeep Metals' Board approved audited standalone and consolidated financial results for FY25 (ended March 31, 2025) with an unmodified auditor opinion from N.A. Shah Associates LLP. Standalone revenue from operations rose ~17% YoY to Rs. 29,439 lakhs and profit after tax grew ~28% to Rs. 2,315 lakhs (EPS Rs. 13.40 vs Rs. 10.50). Consolidated revenue grew ~13% to Rs. 31,186 lakhs with PAT of Rs. 2,717 lakhs (~22% higher). The Board recommended a final dividend of Rs. 2.50 per share (25% on Rs. 10 face value) for FY25, subject to AGM approval. New statutory auditor M/s KKC & Associates LLP was appointed for a 5-year term, replacing the current auditor from the next AGM. A new CSR Committee was also constituted.
Strong FY25 earnings growth, especially on the standalone PAT side, plus a 25% final dividend should be viewed positively by shareholders. However, the auditor's explicit 'Emphasis of Matter' on inventory ageing at the US step-down subsidiary and the change of statutory auditor warrant close monitoring. The pending scheme of amalgamation with Nami Capital Pvt Ltd could also reshape the group's structure once NCLT approvals come through.