Outcome of Board Meeting dated 28th May, 2025 - Integrated Filing Financial
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On the reaction day the stock moved 10.3 pts more than Nifty Microcap 250 and 10.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved audited financial results for FY ended March 31, 2025 and unaudited results for Q4 FY25. Full-year revenue from operations stood at Rs.20,007 lakhs (vs Rs.18,414 lakhs in FY24, ~8.7% growth), while net profit rose sharply to Rs.3,357 lakhs from Rs.2,263 lakhs, a jump of about 48%. Q4 FY25 was particularly strong with revenue of Rs.6,044 lakhs and net profit of Rs.1,264 lakhs, more than double the Rs.529 lakhs earned in Q4 FY24. The Board recommended a final dividend of Rs.35 per share (350% on face value of Rs.10), up from Rs.25 per share paid for FY24. The statutory auditor (Walker Chandiok & Co LLP) issued an unmodified opinion on the results.
Sharp jump in full-year profit and a higher dividend are positive signals for shareholders. The Rs.85 crore Dharwad plant expansion (half funded by debt) signals growth ambitions but will add leverage, with benefits expected only by H2 of FY27.