Zuari Agro Chemicals Limited has informed the Exchange about change in Management
ZUARI · price
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Zuari Agro Chemicals reported its audited results for Q4 and FY25. On a standalone basis, the company posted a loss after tax of Rs 73.10 crore for FY25 versus a profit of Rs 21.40 crore in FY24, with EPS of negative Rs 17.38. On a consolidated basis, profit after tax rose sharply to Rs 230.96 crore (FY24: Rs 170.93 crore), driven by a Rs 150.33 crore share of profit from its joint venture Zuari Maroc Phosphates. The board re-appointed independent director Mr. Sanjeev Lall for a second 3-year term and appointed new Cost, Internal, and Secretarial auditors for FY25-26. The Mahad plant remains temporarily shut due to a raw material shortage, with production expected to resume by early June 2025. The company also disclosed an ongoing SEBI show-cause notice (received January 2025) alleging past financial irregularities, for which it has filed a settlement application without admitting wrongdoing.
Standalone losses are a concern for shareholders, but consolidated profitability is improving thanks to the joint venture. The SEBI settlement matter remains an overhang until resolved, and the Mahad plant shutdown may pressure near-term standalone revenues.