Outcome of Board meeting held today i.e May 6, 2025. The details for the same is attached herewith.
TIMEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved audited financial results for FY ended March 31, 2025 with an unmodified opinion from Deloitte Haskins & Sells LLP. Total income surged 28% to ₹539.8 crore (vs ₹421.7 crore in FY24), while revenue from operations rose 28.5% to ₹538.1 crore. Profit after tax jumped ~51% to ₹31.4 crore (vs ₹20.8 crore), with EPS doubling to ₹2.62 (from ₹1.36). The Board recommended dividends totalling ~₹954.3 lakhs on two tranches of preference shares, to be paid from FY25 distributable profits, subject to shareholder approval. Additionally, M/s NKJ & Associates was appointed as Secretarial Auditors for 5 years (FY26–FY30), and Grant Thornton Bharat LLP was re-appointed as Internal Auditors for FY26. The company also revealed a major negative: operating cash flow turned negative at ₹(315) lakhs in FY25 versus ₹3,248 lakhs in FY24, driven by a ₹45 crore jump in inventory.
Record revenue and profit growth, driven by strong brand and channel performance (Timex +27%, Guess +28%, Versace +29%, Philipp Plein +281%), is positive for the stock. However, the sharp swing to negative operating cash flow due to heavy inventory build-up warrants close monitoring despite the strong profit print. Equity shareholders receive no dividend — only preference share dividends were declared.