Tribhovandas Bhimji Zaveri Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
TBZ · price
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TBZ reported FY25 standalone revenue from operations of ₹2,62,048 lacs, up about 14% from ₹2,29,894 lacs in FY24. Standalone profit after tax rose roughly 34% to ₹7,235 lacs versus ₹5,401 lacs last year, pushing EPS to ₹10.84 from ₹8.10. Consolidated PAT grew about 26% to ₹6,838 lacs with EPS of ₹10.25. The board has recommended a final dividend of ₹2.25 per share (22.5%) for FY25, subject to shareholder approval. Statutory auditors Chaturvedi & Shah LLP issued an unmodified (clean) opinion on both standalone and consolidated results. Notably, the company reported net cash used in operating activities of ₹(2,735) lacs in FY25, compared to a positive ₹3,795 lacs in FY24, mainly due to a sharp build-up in inventory. Total assets grew to ₹1,77,806 lacs, supported by a significant rise in current borrowings to ₹69,815 lacs.
Earnings growth and a clean audit opinion are positives for shareholders, while the recommended dividend offers a reasonable income component. However, the swing to negative operating cash flow and the heavy reliance on short-term borrowings (debt nearing equity levels) raise concerns about working capital and balance sheet stress that investors should watch closely.