Scoda Tubes Limited has informed the Exchange about the utilization of Pre-IPO proceeds amounting to Rs. 82.15 million during the Quarter ended June 30, 2025 towards General Corporate Purpose, in line with the objects of the issue as stated in the Prospectus
SCODATUBES · price
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Scoda Tubes Limited reported its first quarterly results as a listed company for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose to Rs. 974.17 million, up about 6% from Rs. 918.54 million in the same quarter last year. Net profit grew sharply to Rs. 70.83 million, up nearly 48% from Rs. 47.87 million a year ago, with EPS at Rs. 1.44 versus Rs. 1.24 previously. The company also disclosed that it used Rs. 82.15 million from its Pre-IPO proceeds during the quarter for general corporate purposes, mainly towards plant and equipment (Rs. 50.57 million) and civil/site development work (Rs. 31.52 million). The company had completed its IPO in June 2025, listing on NSE and BSE on June 4, 2025, raising around Rs. 220 crore at Rs. 140 per share.
Strong profit growth and the first post-listing quarterly results are likely to be viewed positively by retail investors, though the change in depreciation method (from WDV to SLM) artificially boosted profits by Rs. 28.53 million this quarter. The deployment of IPO funds into plant and equipment suggests the company is investing in capacity expansion.