declaration of results and recommendation of dividend
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 standalone financial results for Q4 and full year ended March 31, 2025. Full-year revenue from operations rose about 12% to ₹1,119.12 crore from ₹999.14 crore last year, but net profit fell to ₹5.73 crore from ₹7.51 crore (last year included a one-time ₹8.12 crore reversal of excess provisions in other income). Q4 FY25 alone slipped into a loss of ₹8.76 crore versus ₹8.71 crore loss in Q4 FY24, weighed down by higher expenses. The Board recommended a dividend of ₹1.50 per share, unchanged from the previous year. The auditor issued an unmodified opinion but flagged an Emphasis of Matter relating to cross-allegations between promoter directors from earlier years, which the Board has now closed after independent review, finding no financial impact. Mr. Chetan M. Tamboli resigned as Independent Director and Mr. Rajesh K. Pandya was appointed in his place.
Mixed signals for shareholders: top-line growth is healthy but profitability is patchy, with Q4 remaining in the red and full-year PAT lower despite revenue growth. Total borrowings nearly doubled to ₹45.24 crore versus equity of just ₹22.27 crore (D/E ~2x), which raises leverage concerns even as dividend is maintained.