This is with reference to captioned subject and pursuant to Regulation 34(1) of Securities Exchange Board of India (Listing Obligations and Disclosures requirements) Regulations, 2015, ....
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Vishal Bearings Limited has submitted its 34th Annual Report for FY 2024-2025 to BSE under SEBI LODR Regulation 34(1). Revenue from operations fell to Rs. 8,664.19 lakhs from Rs. 9,870.33 lakhs in FY24, a decline of about 12%. The company swung from a profit after tax of Rs. 110.54 lakhs last year to a loss of Rs. 259.21 lakhs this year. Finance costs rose sharply to Rs. 479.01 lakhs (vs Rs. 345.27 lakhs), while depreciation increased to Rs. 587.45 lakhs. The board has not recommended any dividend for FY25, and paid-up equity share capital stands at Rs. 10.79 crore.
Shareholders face a disappointing year with revenue contraction and a return to losses, no dividend, and rising finance and depreciation costs weighing on profitability. The weak results could put pressure on the stock price in the near term, though 100% dematerialization and a clean audit report offer some governance comfort.