Please find attached herewith Integrated Filings of Board Meeting held today i.e. May 22, 2025
WALCHANNAG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 3.9 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Walchandnagar Industries posted a sharply wider loss for FY25, with net loss of Rs 8,603 lakhs versus Rs 4,183 lakhs in FY24. Revenue from operations fell to Rs 25,918 lakhs from Rs 30,235 lakhs, a decline of about 14%. Q4 alone saw revenue drop to Rs 5,308 lakhs (from Rs 9,138 lakhs) and a loss of Rs 5,612 lakhs. The company booked a one-time provision of Rs 4,362 lakhs toward cost overruns on balance Tamil Nadu Electricity Board (TNEB) projects, which crushed Q4 profits. Operations at the Satara (Foundry) Division remain halted due to a labour lockout from April 12, 2025, impacting production by roughly Rs 10 lakhs per day. The auditor issued an unmodified opinion but flagged both the Foundry lockout and the TNEB provision as Emphasis of Matter items.
Shareholders face a significantly weaker year with losses more than doubling, driven by one-off TNEB provisions and operational disruption at the Foundry division. Expect negative near-term sentiment on the stock, though operating cash flow remained positive at Rs 1,562 lakhs and equity base is intact at Rs 37,291 lakhs.