Unaudited Financial Results of the Company
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Stovec Industries Ltd reported Q1 2025 (quarter ended March 31, 2025) revenue from operations of ₹490.56 million, down about 18% from ₹599.57 million in the same quarter last year, and also lower than the ₹560.21 million in the preceding quarter (Q4 2024). Profit after tax fell sharply to ₹25.79 million from ₹47.50 million in Q1 2024, a YoY decline of roughly 46%, though it improved sequentially from ₹15.31 million in Q4 2024. EPS for the quarter stood at ₹12.35 versus ₹22.75 in the year-ago quarter. For the full year ended December 31, 2024, revenue was ₹2,345.70 million and PAT was ₹129.61 million (EPS ₹62.07). The Textile Machinery & Consumables segment remains the dominant business, contributing ₹474.50 million of segment revenue. Price Waterhouse Chartered Accountants LLP issued an unmodified limited review conclusion, noting that the prior year's comparative quarter was reviewed by a different audit firm.
Short-term sentiment may be negative due to the sharp YoY drop in both revenue and profit, but the sequential recovery in PAT and EPS from Q4 2024 suggests some stabilization. The change of statutory auditor is worth monitoring for any governance signals.