This is to bring to your kind notice that a meeting of the Board of Directors was held today i.e. Tuesday, 27/05/2025 as required under Regulation 30 (Schedule III Part A(4) of SEBI (LODR) ....
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Awaiting price reaction for this filing.
Riddhi Steel and Tube's Board met on May 27, 2025 and approved the audited financial results for the half-year and full year ended March 31, 2025, along with an unmodified (clean) opinion from statutory auditor M/s. Ashok Rajpara & Co. For FY25, revenue from operations rose to ₹39,113 lakh from ₹32,757 lakh (up ~19.4%), while net profit jumped to ₹758.65 lakh from ₹479.73 lakh (up ~58%), with EPS of ₹9.15 versus ₹5.79. The company also appointed M/s. G R Shah & Associates as Secretarial Auditor, M/s. C. P. Shah & Associates as Internal Auditor, and M/s. Mayur Chhaganbhai Undhad & Co as Cost Auditor for FY25. Total borrowings stand at about ₹13,007 lakh against shareholders' funds of ₹6,210 lakh, indicating a high leverage profile.
Strong profit growth and a clean audit opinion are positive signals for shareholders, though the stock remains highly leveraged with a debt-to-equity ratio near 2x, which investors should weigh against the earnings improvement.