SRM Contractors Limited has informed the Exchange regarding Board meeting held on May 20, 2025.
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SRM Contractors' board approved audited financial results for Q4 and FY ending March 31, 2025. Standalone revenue from operations jumped to ₹52,659 lakhs in FY25 from ₹34,242 lakhs in FY24, a growth of about 54%. Standalone profit after tax more than doubled to ₹5,016 lakhs (FY24: ₹2,217 lakhs), with EPS rising to ₹21.86 from ₹13.24. The company did not recommend any dividend. The board also appointed a new secretarial auditor for 5 years, and a new internal auditor and cost auditor for FY26. The auditor issued an unmodified (clean) opinion, with emphasis of matter notes on CSR unspent balance, reversal of ₹6.71 crore in input tax credit, and the proposed 51% acquisition of Maccaferri Infrastructure Private Limited.
Strong revenue and profit growth signals healthy business momentum and could be viewed positively by investors. However, the ITC reversal of nearly ₹6.71 crore and the absence of a dividend are mild negatives. The proposed Maccaferri Infrastructure acquisition could expand the company's scale going forward.