Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
Vruddhi Engineering Works Limited's board approved audited financial results for FY25, reporting revenue from operations of ₹3,180.23 lakhs, up about 46% from ₹2,182.09 lakhs in FY24. Profit after tax more than doubled to ₹149.15 lakhs (FY24: ₹57.29 lakhs), with EPS rising to ₹5.91 from ₹3.11. The statutory auditor M/s Maheshwari & Co. issued an unmodified (clean) opinion on the results. However, the auditor flagged an Emphasis of Matter noting that trade receivable and trade payable balances are subject to confirmation/reconciliation, with management expecting no material adjustments. The company, which listed on BSE SME in April 2024 and designs rebar couplers for the construction sector, also reported negative operating cash flow of ₹352.64 lakhs for FY25.
Strong top-line and bottom-line growth signals improving business momentum, but the negative operating cash flow (largely driven by a sharp rise in trade receivables) and the auditor's emphasis on unconfirmed trade balances are points worth monitoring. Overall, the clean audit opinion combined with strong profit growth is a positive for shareholders.