Intimation of outcome of Board Meeting under Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
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The board approved audited standalone financial results for Q4 and FY ended March 31, 2025. Full-year revenue from operations rose modestly to Rs. 503.15 crore (FY24: Rs. 493.19 crore, ~2% growth), while Q4 revenue jumped ~26% YoY to Rs. 149.57 crore from Rs. 118.35 crore. Profit after tax for FY25 fell to Rs. 13.95 crore (FY24: Rs. 23.53 crore) and Q4 PAT dropped sharply to Rs. 3.80 crore vs Rs. 20.13 crore, though the prior year included a Rs. 19.84 crore extraordinary gain. FY25 PAT includes an exceptional income of Rs. 4.71 crore from an electricity duty refund. Operating cash flow turned negative at Rs. -11.06 crore vs a positive Rs. 24.15 crore last year, driven mainly by higher inventory and lower current liabilities. The board also appointed promoter Udit Rathi as Chief Strategy Officer effective June 1, 2025, and amended the Insider Trading Code. Statutory auditors M. Lal & Co. issued an unmodified opinion.
Mixed for shareholders — top-line momentum in Q4 is encouraging, but the YoY PAT decline and negative operating cash flow raise questions on working capital and core cash generation. Unmodified audit opinion and the unchanged statutory auditor are positives; appointment of a promoter as CSO signals continued family-led strategic control.