Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we wish to inform you that the Board ....
Awaiting price reaction for this filing.
The Board of Auto Pins (India) Ltd approved the audited standalone financial results for Q4 and FY ended March 31, 2025, along with the auditor's report from Sanjay Rawal & Co., which carries an unmodified (clean) opinion. The company reported a significant revenue decline, with FY25 revenue from operations falling to Rs. 4642.78 lakhs from Rs. 6433.76 lakhs in FY24 (down about 28%). Net profit after tax also dropped sharply to Rs. 33.29 lakhs (from Rs. 103.49 lakhs), translating to an EPS of Rs. 0.58 vs Rs. 1.81. The Board did not recommend any dividend for the year. The auditor's report also contains an Emphasis of Matter regarding non-provision of gratuity and leave liability (amount unascertained), being accounted for only on a cash basis at retirement/resignation.
Sharp decline in both revenue (~28% YoY) and profit (~68% YoY) is a negative signal for shareholders. However, the clean audit opinion and positive operating cash flow of Rs. 128.95 lakhs provide some comfort, though the unprovisioned gratuity/leave liability remains a watch-item.