Parin Enterprises Limited — Board Meeting, 09-05-2025: Outcome of Board Meeting

Parin Enterprises has announced a board meeting on May 9, 2025, approving the financial results for the year ended March 31, 2025. Consolidated revenue doubled to Rs. 167.65 Cr, fueled by its core furniture business and a new automobile dealership after acquiring a 51% stake in Umerin Global Pvt Ltd (KIA India dealer). Consolidated net profit rose sharply to Rs. 6.29 Cr from Rs. 2.27 Cr. An interim dividend of Rs. 0.20/share (2%) was declared. Despite higher net debt, improved cash levels highlight strong investment and growth momentum. Auditor’s opinion was clean.