Change in Management - Appointment of Internal Auditor for the FY 2025-26
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W.H. Brady & Company's board met on May 24, 2025 and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from statutory auditor J.G. Verma & Co. The board also appointed M/s. Himank Desai & Co. and M/s. V.V. Kale & Co. as joint internal auditors for FY 2025-26. On a consolidated basis, FY25 revenue rose to Rs 10,514.37 lakhs from Rs 8,948.15 lakhs, while profit after tax jumped to Rs 2,718.09 lakhs from Rs 1,125.76 lakhs, helped by a one-time gain of Rs 2,334.82 lakhs from sale of property and partly offset by a Rs 402.97 lakhs write-off related to a cyber fraud at the subsidiary. Standalone FY25 revenue declined to Rs 2,949.76 lakhs from Rs 3,734.80 lakhs, though standalone profit edged up to Rs 316.67 lakhs.
For shareholders, the appointment of two new internal auditors is a routine governance matter and unlikely to move the stock. The consolidated earnings beat is largely driven by a one-time property sale gain, so underlying operating performance should be viewed cautiously after stripping out the exceptional item.