The Board of Directors at their meeting held today approved the audited financial results for the quarter / year ended March 31, 2025.
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Welcast Steels (a subsidiary of AIA Engineering, which holds 74.85% stake) reported its audited results for FY25. Total revenue from operations fell to Rs 8,450.30 lakhs from Rs 9,107.30 lakhs in FY24, a decline of about 7%. The company swung from a profit before tax of Rs 700.84 lakhs in FY24 to a loss of Rs 35.35 lakhs in FY25, with the bottom line turning negative at Rs (33.74) lakhs versus Rs 524.85 lakhs last year. EPS turned from Rs 82.24 to Rs (5.29). Operating cash flow also turned negative at Rs (374.47) lakhs versus Rs 380.84 lakhs in FY24, with year-end cash and equivalents falling to Rs 244.86 lakhs. The Board declared an unmodified (unqualified) auditor's report, did not recommend any dividend for FY25, and appointed Tushar Vora & Associates as Secretarial Auditor for FY26-FY30.
Negative for shareholders — the company moved into a loss, EPS turned negative, cash from operations deteriorated sharply, and no dividend was declared. The results point to significant margin compression and weaker business performance, which is likely to weigh on the stock despite the holding company's backing.