Shah Metacorp Limited has informed the Exchange regarding Board meeting held on May 06, 2025.
SHAH · price
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The Board of Shah Metacorp Limited (formerly Gyscoal Alloys Limited) approved audited standalone and consolidated financial results for Q4 FY25 and the full financial year ended March 31, 2025, with an unmodified auditor opinion. Standalone revenue from operations nearly doubled to Rs 17,078.48 lakhs in FY25 from Rs 9,187.22 lakhs in FY24, while profit after tax jumped to Rs 3,236.41 lakhs from Rs 420.59 lakhs, though FY25 results include exceptional items of Rs 2,482.20 lakhs. Q4 standalone revenue was Rs 4,146.22 lakhs with a PAT of Rs 386.48 lakhs versus Rs 142.16 lakhs in the year-ago quarter. The company cleared its entire OTS dues with Omkara Asset Reconstruction and received a No Due Certificate in April 2024. During the year, the company acquired a 50.01% stake in Western Urja Private Limited making it a subsidiary, increased authorized share capital from Rs 50 crores to Rs 110 crores, and issued 14.3 crore equity shares plus 4.45 crore share warrants on a preferential basis at Rs 4.02 per share. Trade receivables of Rs 88.82 crore remain unrecovered, against which a provision of Rs 63.97 crore for doubtful debts has been recognized.
Strong headline profit growth is largely boosted by one-time exceptional items, so underlying operating performance should be evaluated carefully. Significant equity dilution has occurred through preferential allotments and warrant conversions, which may weigh on per-share value. Debt clearance and new subsidiary acquisition are positive signs, but the unresolved old trade receivables remain a key risk for shareholders.