Submission of Annual Report of the Company for the Financial Year 2024-2025
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Awaiting price reaction for this filing.
West Leisure Resorts has submitted its 17th Annual Report for FY 2024-2025 along with the AGM notice to BSE. Total income rose sharply to Rs 77.98 lakhs from Rs 24.09 lakhs in the previous year, and the company swung to a pre-tax profit of Rs 6.91 lakhs versus a pre-tax loss of Rs 33.21 lakhs earlier. After a tax expense of Rs 10.95 lakhs, it still posted a small net loss of Rs 4.04 lakhs (vs Rs 25.21 lakhs prior). The board recommends a 1% dividend of Re 0.10 per share totaling Rs 3.05 lakhs, identical to last year. The 17th AGM is scheduled for 30th September 2025; shareholders will also approve related party transactions with Hardcastle Petrofer and Houghton Hardcastle (up to Rs 2 cr each) plus a general related party envelope of up to Rs 35 cr for FY 2025-26 and FY 2026-27.
For shareholders: the sharp revenue growth and swing to pre-tax profitability are positive signs, though a small after-tax loss remains and the dividend is token. The proposed related party transaction ceiling of Rs 35 cr is large relative to the company's sub-Rs 80 lakh revenue and is worth reviewing ahead of the AGM vote.