Pursuant to regulation 33 of SEBI(LODR), 2015, the audited financial result for the half and year ended 31 March, 2024 along with auditor''s report with unmodified opinion issued by M/s. ....
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Riddhi Steel and Tube Ltd announced audited results for the half year and year ended March 31, 2025. Revenue from operations grew to ₹39,113.34 lakh from ₹32,757.39 lakh in FY24, a rise of about 19.4%. Net profit jumped roughly 58% to ₹758.65 lakh (from ₹479.73 lakh), pushing EPS to ₹9.15 versus ₹5.79. The statutory auditor M/s. Ashok Rajpara & Co. issued an unmodified opinion on the results. The Board also appointed G R Shah & Associates as Secretarial Auditor, C.P. Shah & Associates as Internal Auditor, and Mayur Chhaganbhai Undhad & Co. as Cost Auditor for FY24-25. Total debt remains elevated at around ₹13,007 lakh against shareholder funds of about ₹6,210 lakh, giving a debt-to-equity ratio of roughly 2.1.
Sharp profit growth and a clean audit opinion are positive signals for shareholders, but the high leverage (D/E around 2.1x) is a risk factor investors should monitor going forward.