ALPHA TRIBE

Austin Engineering Company LtdBoard Meeting, 29-05-2025: Board Meeting

29-05-2025 | 03:10 pm

Austin Engineering Co. Ltd has announced a board meeting outcome approving the audited financial results for the quarter and half-year. The company reported stable performance across its two segments: Bearings and Wind Turbine Power Generation. Cash flow statements indicate healthy operational cash generation, despite some outflows from investing activities. The statutory auditors issued an unmodified opinion on both standalone and consolidated results, reflecting clean audit reports. The consolidated financials incorporate the results of its wholly owned US subsidiary, maintaining consistent segment contribution and financial stability, which supports confidence for shareholders in the company’s ongoing operations and growth prospects.

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