The 1st Board of Meeting 2025-26, held on 24.05.2025 and took on record the audited financial results for the QE & FYE 31. 03..2025 along with Auditors Report and other items as per ....
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The Board approved audited financial results for the quarter and full year ended 31.03.2025. FY25 revenue from operations stood at Rs. 7,149.54 lakhs, down from Rs. 7,385.80 lakhs in FY24 (about 3.2% decline). Profit after tax sharply fell to Rs. 2.45 lakhs from Rs. 28.33 lakhs, with EPS dropping to Rs. 0.19 from Rs. 0.42. The Board also approved an additional overdraft of Rs. 3 crores from City Union Bank, raising the total OD limit from Rs. 10 crores to Rs. 13 crores. The statutory auditor DPV & Associates issued an un-modified (clean) opinion with no qualifications.
Weak FY25 performance with a steep PAT fall and rising short-term borrowings (current borrowings up to Rs. 830.48 lakhs from Rs. 577.11 lakhs) may pressure the stock. However, the clean audit report and stable single-segment steel tubes business provide some comfort.