Board Meeting Outcome for Meeting Held On May 1, 2025
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Awaiting price reaction for this filing.
The Board approved audited financial results for Q4 FY25 and full year FY25. Full-year net sales fell sharply to Rs. 5,634.08 lakhs from Rs. 9,490.90 lakhs in FY24, a decline of around 41%. Profit after tax dropped to Rs. 48.73 lakhs (FY25) from Rs. 72.30 lakhs (FY24), with EPS at Rs. 1.08 vs Rs. 1.61. However, Q4 FY25 swung to a profit of Rs. 110.10 lakhs from a small loss of Rs. 6.12 lakhs in Q4 FY24. The balance sheet improved, with total borrowings reduced sharply and operating cash flow healthy at Rs. 332.85 lakhs. The statutory auditor (Giriraj & Lohiya) issued an unmodified opinion. The Board also appointed Ms. Monika Soni as Internal Auditor and M/s. M. Goyal & Company as Cost Auditor for FY 2025-26.
Weak top-line performance is a concern for shareholders as revenues nearly halved year-on-year, though profitability was partly protected and the company has strengthened its balance sheet by cutting debt significantly. The clean audit opinion and improved cash generation are positives, but the steep revenue contraction may weigh on the stock.