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Awaiting price reaction for this filing.
Vruddhi Engineering Works Ltd (formerly Vruddhi Steel Limited, BSE scrip code 544157) has submitted its 5th Annual Report for FY 2024-25 along with the AGM notice. The AGM is scheduled for Tuesday, 30th September 2025 at 11:00 a.m. at the registered office in Andheri East, Mumbai. Revenue from operations jumped to ₹3,180.23 Lakhs from ₹2,182.09 Lakhs in FY24, while profit after tax surged to ₹149.15 Lakhs from ₹57.29 Lakhs — nearly a 2.6x increase YoY. EPS rose to ₹5.91 from ₹3.11. The board has not recommended any dividend, citing the need to conserve resources for business expansion. The company launched new products including the Vruddhi Sonic Tube (VST), Vruddhi Conical Wall Tie (VCT), Terminator Coupler, and a Proofloading Machine, and set up a new Sonic Tube manufacturing plant in Pipalana, Gujarat.
Strong profit growth and revenue expansion signal positive momentum for shareholders, though the absence of a dividend means returns will depend on stock price appreciation. Multiple CFO changes during the year (three CFOs in under a year) may be worth monitoring from a governance perspective.