Ahmedabad Steelcraft Ltd — Results, 30-05-2025: Result

Ahmedabad Steelcraft Ltd. has announced a board meeting outcome approving the financial results for the quarter and year ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. Revenue from operations surged to ₹17,188.22 lakh for the year versus ₹76.60 lakh previously, driving a profit before tax of ₹1,247.26 lakh compared to a loss last year. Profit for the year stood at ₹1,070.39 lakh. The company allotted 55.5 million shares against warrants issued at Rs.72 each and received Rs.16.47 Cr towards remaining warrants. There was no deviation in the use of proceeds from the preferential issue, which funded expansion, working capital, and other corporate needs. A new Company Secretary and Compliance Officer was appointed.