Audited Financial Results
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The Board of Rishabh Digha Steel & Allied Products approved audited standalone financial results for Q4 and FY ended March 31, 2025, along with the appointment of M/s Yogesh Bhuva & Co. as the new Internal Auditor. Revenue from operations collapsed sharply to Rs 105.27 lakh in FY25 from Rs 1,579.66 lakh in FY24 — a decline of roughly 93%, with total income falling to Rs 227.73 lakh from Rs 1,603.97 lakh. Profit before tax for continuing operations dropped to just Rs 6.58 lakh from Rs 1,448.62 lakh, and net profit after tax shrunk to Rs 7.79 lakh from Rs 1,150.05 lakh; basic EPS fell to Rs 0.11 from Rs 21.04. The statutory auditor (Bilimoria Mehta & Co.) issued an unmodified opinion, and the company's balance sheet shows total assets of about Rs 18.59 crore with negligible borrowings (Rs 0.03 lakh vs Rs 302.26 lakh last year), reflecting heavy loan repayment. Operating cash flow turned negative at Rs (87.16) lakh against a positive Rs 1,072.31 lakh last year.
Core steel/operations business revenue has effectively dried up, with profits almost entirely wiped out at the operating level, signaling a sharp deterioration in business activity that is likely negative for the stock and signals a possible business transition. However, the company holds large financial assets/investments (around Rs 17.1 crore in non-current financial assets), so shareholder value is heavily tied to investment portfolio performance rather than operating earnings.