Outcome of Board Meeting
VOEPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved audited standalone and consolidated financial results for FY ended March 31, 2025. Standalone revenue from operations rose about 31% to Rs. 69,720 lakhs (vs Rs. 53,108 lakhs in FY24), while profit after tax grew nearly 40% to Rs. 1,413 lakhs (vs Rs. 1,013 lakhs), lifting basic EPS to Rs. 5.31 from Rs. 4.38. Consolidated revenue was Rs. 69,772 lakhs and consolidated PAT was Rs. 1,409 lakhs. The statutory auditor issued an unqualified/unmodified opinion. The board also approved raising its stake in subsidiary Virtuoso Compressors Pvt Ltd from 65% to 90% by acquiring 25,000 shares at face value for Rs. 2.5 lakhs from Managing Director Mr. Sukrit Bharati, a related-party transaction. New secretarial, internal and cost auditors were appointed for FY 2025-26, with the secretarial auditor appointed for a five-year term.
Strong revenue and profit growth, capacity expansion into deep freezers and higher subsidiary ownership are positive signals for shareholders. The acquisition from the Managing Director is a small related-party deal but should be noted for governance.