Tejas Cargo India Limited — Results, 04-08-2025: Reply to Clarification- Financial results

Tejas Cargo India Ltd. (TEJASCARGO) has shared key updates, including its audited financial results for the year ended March 31, 2025, and details on IPO fund utilization.

**Financial Performance (FY25 Standalone vs. FY24):**

* Revenue from operations grew by approximately 19.5% to ₹501.15 Cr (from ₹419.33 Cr).

* Net Profit surged by about 44.6%, reaching ₹19.12 Cr (from ₹13.22 Cr).

* Basic Earnings Per Share (EPS) for the year stood at ₹10.48, compared to ₹7.60 previously.

**IPO Fund Utilization (as of March 31, 2025):**

* Out of the ₹105.84 Cr raised from its Initial Public Offering, Tejas Cargo has utilized ₹75.08 Cr.

* Significant uses include ₹30.00 Cr for working capital, ₹7.61 Cr for issue-related expenses, and ₹16.36 Cr for purchasing trailers. An additional ₹21.11 Cr from General Corporate Purposes was allocated to working capital and statutory payments.

* ₹30.76 Cr of IPO proceeds remain unutilized, primarily held in Fixed Deposits.

* The company is currently negotiating with banks to reduce foreclosure charges, which has delayed the planned ₹15.00 Cr loan repayment.

**Board Meeting Outcomes (May 28, 2025):**

* The Board approved both standalone and consolidated audited financial results, which received an unmodified opinion from the auditors.

* It was noted that IPO proceeds were used to purchase a higher number of commercial vehicles than initially estimated.

* A new secretarial auditor was appointed for the financial year 2025-26.