Repro India Limited has informed the Exchange regarding Board meeting held on May 19, 2025.
REPRO · price
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Awaiting price reaction for this filing.
Repro India's board, at its May 19, 2025 meeting, approved audited consolidated and standalone results for Q4 and FY ended March 31, 2025. Consolidated revenue from operations fell to Rs 46,595 lakhs (from Rs 47,946 lakhs in FY24, ~2.8% decline), and the company swung from a Rs 1,201 lakh profit to a Rs 206 lakh loss. Standalone revenue dropped more sharply to Rs 25,864 lakhs (from Rs 31,767 lakhs, ~18.6% decline), with a standalone loss of Rs 479 lakhs versus a Rs 757 lakh profit last year. The statutory auditor (M S K A & Associates) issued an unmodified opinion but flagged that prior period figures were restated to correct a reclassification of deferred tax assets on property, plant and equipment. The board also re-appointed M S K A & Associates as statutory auditor for a second 5-year term and appointed Makarand M. Joshi & Co as secretarial auditor for FY 2025-26 to FY 2029-30. The company also disclosed that the Mahape factory workers' strike (ongoing since April 2017) led it to seek closure approval from the Labour Commissioner in December 2024.
Negative for shareholders — both top-line and bottom-line deteriorated sharply, with FY25 turning into a loss at both consolidated and standalone levels, which is likely to weigh on the stock. The restatement of prior period numbers and the Mahape factory closure attempt add incremental uncertainty, though auditor continuity and an unmodified opinion provide some comfort.