Southern Magnesium & Chemicals Ltd — Updates, 29-05-2025: Company Update

Southern Magnesium and Chemicals Limited has announced a board meeting on which it approved the financial results for the quarter and half-year ended March 31, 2025. The company reported total income of ₹1300.41 lakhs for the year, with a profit before tax of ₹427.26 lakhs, and a net profit of ₹319.77 lakhs. Earnings per share stood at ₹10.66. The auditor issued an unmodified opinion on these results. The board also appointed M/s. D. Hanumanta Raju & Co. as secretarial auditors and M/s. K. S. Rao & Co. as internal auditors for FY 2025-26. Total assets increased to ₹1962.28 lakhs, supported by higher inventories and borrowings.