Outcome of Board Meeting and submission of Audited Financial Results for the Quarter / Year ended March 31, 2025 as per Regulation 33 of SEBI (LODR) Regulations, 2015.
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Welcast Steels Limited reported audited financial results for FY2024-25 with total revenue from operations declining to ₹8,450.30 lakhs from ₹9,107.30 lakhs in FY2023-24, a drop of about 7%. The company swung from a profit of ₹700.84 lakhs before tax last year to a loss of ₹35.35 lakhs before tax this year, with PAT turning negative at ₹(33.74) lakhs versus ₹524.85 lakhs previously. EPS turned to ₹(5.29) from ₹82.24. Cash flow from operations also turned sharply negative at ₹(374.47) lakhs versus a positive ₹380.84 lakhs last year. The Board did not recommend any dividend for FY2024-25. Statutory auditors Dagliya & Co. issued an unqualified (clean) opinion on the results.
Shareholders face a negative year with the company slipping into losses on weaker revenue, higher employee costs, and negative operating cash flow. No dividend payout signals tight liquidity despite the unqualified audit opinion.