In continuation to intimation dated 14.05.2025, we wish to inform you that Board of Directors in its meeting held today the 21st day of May, 2025 the board meeting commenced at 04:00 P.M. ....
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Ritesh International's board met on 21st May 2025 and approved audited financial results for Q4 and full year ended 31st March 2025. The company posted a strong turnaround with FY25 revenue rising to ₹12,912.48 lakh from ₹8,375.07 lakh last year, a jump of about 54%. Profit after tax swung to ₹329.96 lakh versus a loss of ₹7.97 lakh in FY24, with basic EPS of ₹3.86 compared to a negative ₹0.09 earlier. Q4 FY25 also showed improvement, with PAT of ₹201.84 lakh versus a loss of ₹2.13 lakh in Q4 FY24. Statutory auditor Ashok Shashi & Co issued an unmodified opinion. The board also appointed M/s Bhambri and Associates as Secretarial Auditor for five years from FY26 to FY30, pending shareholder approval.
Strong revenue growth and return to profitability are positive signals for shareholders, though the company remains small with cash balance declining to ₹22.37 lakh. No board-level resignations or governance red flags detected — this is a routine results announcement.