Outcome of Board Meeting.
Price
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SRU Steels' board approved audited financial results for Q4 and the full year ended March 31, 2025 with an unmodified opinion from statutory auditor TCS & Co. Full-year revenue rose to ₹2,534.37 lakhs from ₹1,831.65 lakhs in FY24, but the company slipped into a net loss of ₹45.88 lakhs versus a ₹32.35 lakh profit the previous year. Q4 FY25 showed a strong turnaround with revenue of ₹1,585.98 lakhs (vs just ₹103.95 lakhs in Q4 FY24) and a net profit of ₹63.39 lakhs, driven mainly by the steel and newly listed construction machinery segments. The auditor flagged concerns around use of rights-issue proceeds, unrecorded interest on unsecured loans, and unreconciled balances. The board also appointed Vishakha Agrawal & Associates as Secretarial Auditor for FY 2024-25.
Investors get a mixed picture – sharply higher topline and a return to quarterly profit, but a full-year loss and auditor concerns over how rights-issue funds were deployed and the lack of interest recognition on loans deserve close attention. The secretarial auditor appointment is a routine compliance step.