Further to our letter no TAI/SEC/SEBI LODR/24-25/02, 15th May, 2025, we hereby inform that the Board of Directors at its Meeting held today, i.e., 27th May, 2024, has considered and approved ....
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TAI Industries' Board, at its meeting on 27th May 2025, approved the audited standalone financial results for the quarter and year ended 31st March 2025. Revenue from operations nearly doubled to Rs. 28,006 lakhs (FY24: Rs. 14,778 lakhs), reflecting roughly 89% year-on-year growth. However, profit after tax declined to Rs. 109.50 lakhs from Rs. 140.79 lakhs, with Q4 FY25 slipping into a small loss of Rs. 1.02 lakhs versus a profit of Rs. 63.71 lakhs in Q4 FY24. The auditor issued an unmodified opinion but flagged an Emphasis of Matter regarding pending reconciliation of deferred tax assets and liabilities (Note 37) and raised concerns over old advances of around Rs. 123 lakhs and sub-judice advances of Rs. 742 lakhs to Tai Projects related to a long-pending KMDA matter. The Board also re-appointed Rohan Ghosh as Managing Director and Dasho Wangchuk Dorji as Whole-time Director.
Strong revenue growth is a positive, but shrinking bottom line, Q4 loss, very thin margins (under 1%), and the auditor's emphasis on unresolved tax reconciliation and dubious old advances may weigh on investor sentiment. Watch for clarity on margin recovery and recovery of legacy advances.