Outcome of the Board Meeting held on Friday, 30th May 2025 held at the Registered Office of the Company.
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The Board of Directors approved the audited financial results for FY25 and half-year ended March 31, 2025. Revenue from operations grew to Rs. 3,479.56 lakhs from Rs. 3,061.25 lakhs in FY24, a growth of about 13.7%. Net profit declined to Rs. 193.27 lakhs from Rs. 245.30 lakhs in FY24, a fall of roughly 21%, with EPS dropping to Rs. 8.71 from Rs. 11.05. The statutory auditor issued an unqualified opinion. The company issued 3,65,000 share warrants on a preferential basis and raised Rs. 191.62 lakhs (25% of total), which was used to purchase land in Wadgaon, Raigad for business expansion. Operating cash flow remained negative at Rs. (160.68) lakhs, worse than Rs. (34.03) lakhs in FY24.
Mixed signals for shareholders: revenue growth is healthy but profitability has weakened, margins compressed, and the company is burning cash from operations while taking on significantly more debt to fund its expansion plans. Expansion could drive future growth, but the rising leverage and negative operating cash flow are watchpoints.