AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31.03.2025 ALONG WITH AUDIT REPORT AND DECLARATION ON MODIFIED OPINION
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Remi Edelstahl Tubulars reported full-year FY25 revenue from operations of ₹13,856 lakhs, up about 18% from ₹11,713 lakhs in FY24. Net profit after tax nearly doubled to ₹267 lakhs from ₹139 lakhs, with EPS rising to ₹2.43 from ₹1.26. Operating cash flow swung dramatically positive to ₹2,418 lakhs versus a negative ₹529 lakhs last year, driven by better receivables collection and trade payables management. Despite the headline mentioning 'modified opinion', the company declared that auditors Sundarlal, Desai & Kanodia issued an unmodified (clean) opinion on the results. Detailed related party transactions with associate companies (Remi Elektrotechnik, Remi Finance, Bajrang Finance, etc.) were disclosed, including loans and inter-corporate dealings. The company confirmed no defaults on loans or debt securities.
Strong full-year performance with sharp PAT growth and a turnaround in operating cash flow is positive for shareholders. The clean (unmodified) audit opinion, contrary to the headline's wording, removes any qualification overhang. The heavy related party loan transactions with associates (totaling over ₹2,200 lakhs during the period) warrant close investor monitoring for governance and fund-use clarity.