Goyal Salt Limited — Results, 14-05-2025: Integrated Filing- Financial

Goyal Salt Limited has announced a board meeting on 14th May 2025 and approved its audited financial results for FY25.

1) **Revenue Performance:** Total revenue rose 10.7% YoY to ₹137.40 Cr, driven by its core salt manufacturing business focusing on triple refined iodized and industrial salt.

2) **Profitability and EPS:** Net profit jumped 40% to ₹13.25 Cr, with EPS improving from ₹5.21 to ₹7.40. This was supported by revenue growth and controlled expenses, leading to better margins.

3) **Operational Costs:** Expenses increased modestly to ₹120.09 Cr. Notably, material consumption dropped to ₹34.15 Cr from ₹40.10 Cr, indicating improved raw material management. Employee costs remained steady, while depreciation rose, possibly reflecting recent asset additions.

4) **Key Metrics:** Operating profit before tax improved to ₹17.30 Cr from ₹12.05 Cr. Finance costs sharply declined to ₹0.59 Cr, aiding net margin expansion.

5) **Balance Sheet / Cash Flow Health:** Long-term borrowings rose to ₹14.53 Cr with a slight increase in short-term debt. Cash equivalents improved to ₹0.49 Cr despite a significant capex outflow of ₹28.41 Cr, signaling ongoing capacity or modernization investments.

6) **Management Commentary / Strategic Outlook:** The company remains focused on its salt business with emphasis on efficiency and capacity enhancement, supported by continued capex spending.

**Final Takeaway:** Goyal Salt demonstrates positive momentum through solid revenue growth, margin expansion, and cost control. Increased borrowings and capex point to expansion plans, making it an interesting play for retail investors seeking steady growth in a niche commodity segment.