41st Annual General Meeting of the Company to be held on Thursday, June 12, 2025.
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The Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified (unqualified) opinion from statutory auditors Gupta Rustagi & Co. Standalone revenue from operations rose modestly to Rs. 1,199.16 lakhs (vs Rs. 1,141.45 lakhs in FY24), but the core business reported a loss before exceptional items of Rs. 180.89 lakhs (vs Rs. 96.24 lakhs loss). Profit after tax of Rs. 2,706.37 lakhs (EPS Rs. 22.62) was entirely driven by exceptional items of Rs. 2,887.26 lakhs, mainly profits on sale of land and machinery and write-back of old provisions. The company also reported negative operating cash flow of Rs. 2,182.93 lakhs for the year. New statutory auditors Bhattacharya Das and Co. were appointed for five years from the 41st AGM, replacing Gupta Rustagi & Co. The auditor flagged multiple Emphasis of Matter items, including a Rs. 6,627.20 lakhs shortfall undertaking against the company (sub-judice), a 26% vs 10% shareholding discrepancy in South West Port Limited, non-consolidation of West Quay Multiport Private Limited, and overdue conversion of subsidiary KCTPL's preference shares.
Headline profit is misleading—driven entirely by one-time asset sales and write-backs rather than operating performance. Core business is still loss-making with negative operating cash flow and several unresolved legal and consolidation issues flagged by the auditor, which investors should weigh before judging the recovery as sustainable.