Results of FY 2024-25
Awaiting price reaction for this filing.
Redtape Limited, a footwear and apparel retailer, reported audited consolidated revenue from operations of Rs. 2,018.76 crore for FY25, up about 9.2% from Rs. 1,848.59 crore in FY24. Consolidated profit after tax for the full year rose roughly 7.6% to Rs. 177.07 crore (FY24: Rs. 164.52 crore), translating to a basic EPS of Rs. 3.19. Q4 was softer, with consolidated PAT falling sharply to Rs. 17.17 crore from Rs. 41.09 crore a year ago, even as quarterly revenue was nearly flat at around Rs. 505 crore. The board recommended a final dividend of Rs. 0.25 per share, on top of the Rs. 2 per share interim dividend already paid during the year. A 3:1 bonus issue was completed in February 2025, and statutory auditors Ashwani & Associates issued an unmodified (clean) opinion on the results. Notably, standalone operating cash flow turned negative at Rs. (2.99) crore versus Rs. 81.57 crore last year, mainly due to a large Rs. 457 crore build-up in inventory, while short-term borrowings jumped to Rs. 351.25 crore from Rs. 135.65 crore.
Overall FY25 results show steady revenue and profit growth with a clean audit, but the weak Q4 and standalone negative operating cash flow, combined with sharply higher inventory and short-term debt, suggest working capital pressure that investors should watch closely. Total dividend payout (Rs. 2.25/share including interim) is supportive for shareholders.