Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sharda Ispat's Board, at its May 30, 2025 meeting, approved the audited standalone financial results for Q4 and FY ended March 31, 2025. Statutory auditors Panpaliya Taori & Co. issued an unmodified (clean) opinion on the results. Revenue from operations fell sharply to ₹17,544.30 lakhs from ₹22,726.53 lakhs in FY24, a drop of about 23%. Net profit after tax declined to ₹758.55 lakhs from ₹1,397.24 lakhs, nearly halving year-on-year. EPS dropped to ₹14.94 from ₹27.52. However, operating cash flow improved to ₹1,101.95 lakhs vs ₹743.55 lakhs, and total equity rose to ₹5,914.71 lakhs. Borrowings increased notably to ₹3,463.99 lakhs from ₹2,111.88 lakhs. The Board also re-appointed M/s LNJ & Associates as Internal Auditor for FY 2025-26.
Clean audit opinion is a positive signal for credibility, but the steep decline in both revenue (~23%) and profits (~46%) highlights significant business headwinds and weakening profitability. Shareholders should weigh the strong operating cash flow improvement against falling top-line and margins, as well as rising debt levels.