Walchandnagar Industries Limited has informed the Exchange regarding outcome of Board meeting held on May 22, 2025.
WALCHANNAG · price
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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 reported audited FY25 results with revenue from operations falling about 14% to Rs. 25,918 lakhs from Rs. 30,235 lakhs a year earlier. The company posted a loss after tax of Rs. 8,603 lakhs for FY25, more than double the Rs. 4,183 lakhs loss in FY24, while Q4 FY25 alone saw a loss of Rs. 5,612 lakhs versus Rs. 360 lakhs in Q4 FY24. The sharp Q4 deterioration was driven by a one-time provision of Rs. 4,362 lakhs booked under Other Expenses for expected cost overruns on balance Tamil Nadu Electricity Board (TNEB) projects, pushing other expenses to Rs. 5,216 lakhs in Q4 from Rs. 1,766 lakhs a year ago. Operations at the Foundry/Satara division remain halted after a lockout declared on April 12, 2025, which the company estimates is causing about Rs. 10 lakhs of production loss per day. The statutory auditor, M/s. Jayesh Sanghrajka & Co. LLP, issued an un-modified (clean) opinion but included an Emphasis of Matter paragraph flagging both the foundry lockout and the TNEB provision.
Shareholders should brace for a difficult year, as the loss has more than doubled on weaker revenue, a large one-time TNEB provision, and an ongoing lockout at the foundry division that is hurting daily production. While the auditor's report itself is un-qualified and operating cash flow remained positive at Rs. 1,562 lakhs, the scale of the loss, falling topline, and unresolved labour situation are clear negatives for the stock in the near term.