Pursuant to the SEBI Circular no. SEBI/HO/CFD/CFD-PoD2/CIR/P/2024/185 dated December 31, 2024, please find the attached the Intergrated filing (Financial) for the half and year ended March 31, 2025
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Riddhi Steel and Tube Ltd reported audited standalone financial results for the half year and full year ended March 31, 2025, with statutory auditor M/s. Ashok Rajpara & Co issuing an unmodified opinion. Revenue from operations rose to ₹39,113.34 lakh from ₹32,757.39 lakh in FY24, a growth of about 19.4%. Net profit surged roughly 58% to ₹758.65 lakh from ₹479.73 lakh, pushing basic EPS to ₹9.15 from ₹5.79. Profit before tax climbed to ₹1,019.99 lakh from ₹654.76 lakh. Operating cashflow remained healthy at ₹1,272.11 lakh (vs. ₹891.42 lakh last year), though cash balances dipped to ₹805.21 lakh. The board also appointed new Secretarial, Internal, and Cost Auditors for FY 2024-25, with no change to the statutory auditor.
A clean audit opinion and a sharp ~58% jump in profit are positive signals for shareholders, while revenue growth of ~19% shows steady business momentum. However, total borrowings of about ₹13,007 lakh against shareholder funds of ₹6,210 lakh (debt-equity ~2.1x) means the company stays highly leveraged, which is a watch point for equity investors.