Walchandnagar Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 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 a sharp widening of losses for FY25, with a net loss of Rs. 8,603 lakhs versus Rs. 4,183 lakhs in FY24, and a Q4 standalone loss of Rs. 5,612 lakhs. Revenue from operations fell about 14% YoY to Rs. 25,918 lakhs, while Q4 revenue dropped roughly 42% to Rs. 5,308 lakhs. The FY25 loss was largely driven by a one-time provision of Rs. 4,362 lakhs booked under 'Other Expenses' for expected cost overruns on Tamil Nadu Electricity Board (TNEB) projects, along with continued weakness in the Heavy Engineering segment, which posted a Rs. 6,067 lakh segment loss. The company's Satara/Foundry Division operations were suspended in March 2025 due to labour unrest, and a lockout was declared in April 2025. EPS for the year stood at Rs. (14.73) versus Rs. (9.04) last year. The statutory auditor (Jayesh Sanghrajka & Co LLP) issued an unmodified opinion with an Emphasis of Matter note on the TNEB provision and the lockout.
Shareholders should expect continued pressure on the stock as widening losses, a one-time TNEB provision, and the ongoing lockout at the Foundry Division raise concerns about near-term profitability and operational stability, though borrowings have come down and operating cash flow remained marginally positive.