Financial Results for the Quarter and year ended 31.03.2025 is enclosed herewith.
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RR MetalMakers India Ltd submitted its audited financial results for FY25 and Q4FY25, approved by the Board on May 21, 2025. Total revenue from operations fell sharply to ₹5,197.09 lakhs from ₹9,638.93 lakhs in FY24, a drop of about 46%, mainly due to a steep decline in the Steel and Iron Ore trading segment. Profit before tax inched up to ₹167.65 lakhs (vs ₹161.79 lakhs), and profit after tax was nearly flat at ₹105.12 lakhs (vs ₹104.79 lakhs), with EPS of ₹1.17. The company reduced both short-term and long-term borrowings significantly, and operating cash flow improved to ₹1,066.79 lakhs from ₹648.62 lakhs. Other equity moved into positive territory at ₹27.41 lakhs (vs negative ₹140.35 lakhs). The auditor issued a qualified opinion flagging revenue of ₹1,000.75 lakhs booked on an export sale to Prisha International PTE Ltd where goods were not actually transferred, and ₹61.17 lakhs in old debtors with no impairment provision. Emphasis of matter was raised on the approved sale of the Ahmedabad manufacturing plant and a CGST audit detecting ₹128.03 lakhs of additional revenue for FY18-19 to FY22-23.
The 46% revenue decline is a significant red flag for investors, and the qualified audit opinion on roughly ₹10 crore of disputed export revenue and aging debtors adds uncertainty around the quality of reported earnings. Shareholders should monitor progress on the Ahmedabad plant divestment, the ongoing GST assessment, and whether the Prisha International transaction is ultimately completed. Reduced borrowings and stronger operating cash flow are positives, but the total debt-to-equity ratio sits near 1:1, which is a key watch point.