AR for the FY 2024-2025 - Regulation 34(1) of SEBI (LODR)
SCANSTL · price
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Scan Steels Ltd has submitted its Annual Report for FY 2024-25 along with the 32nd AGM notice to BSE. Standalone total revenue declined 17.95% year-on-year to ₹793.81 crore (from ₹967.43 crore in FY 2023-24), which the chairman attributed to demand fluctuations and rising input costs in the latter part of the financial year (post-January 2025). Despite the revenue decline, profit after tax grew 10.60% to ₹19.61 crore (from ₹17.73 crore), indicating better cost management. EPS stood at ₹3.35 (down 1.18%), while net worth rose 4.50% to ₹417.59 crore. The company continues to focus on its flagship 'Shrishti TMT' brand, capacity expansion, and renewable energy adoption. The AGM will be held on September 26, 2025 through VC/OAVM.
Shareholders will see a clear divergence between falling top line and improving bottom line, which signals margin discipline during a tough steel market. The revenue contraction is a concern, but stable profits and rising net worth offer some comfort; however, the AGM business items include reappointment of the Whole-time Director and appointment of new independent directors, which warrants attention.