Shah Metacorp Limited has informed the Exchange regarding Outcome of Board Meeting held on May 06, 2025.
SHAH · price
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Shah Metacorp reported strong FY25 results with standalone revenue from operations nearly doubling to Rs. 170.78 crore from Rs. 91.87 crore in FY24, an ~86% jump. Standalone profit after tax surged to Rs. 32.36 crore vs Rs. 4.21 crore, boosted by a one-time exceptional item of Rs. 24.82 crore. Consolidated revenue grew to Rs. 176.16 crore with PAT of Rs. 32.60 crore. EPS for the year stood at Rs. 0.61 vs Rs. 0.11. The auditor issued an unmodified (clean) opinion but flagged an Emphasis of Matter on long-pending trade receivables of Rs. 88.82 crore, of which Rs. 63.97 crore has been provided for as doubtful. The company also expanded its authorised share capital from Rs. 50 crore to Rs. 110 crore and issued 14.3 crore equity shares at Rs. 4.02 each on a preferential basis. A new subsidiary, Western Urja Pvt Ltd, was acquired during the year.
Strong headline growth driven by both core business expansion and a large exceptional item, which flatters reported profits. Investors should note the surge in trade receivables (more than doubled to Rs. 126 crore standalone) and negative operating cash flow of Rs. 46.34 crore, signalling that profits have not yet translated into cash. The significant equity dilution from preferential allotments at low prices may pressure existing shareholders.