Borana Weaves has announced its financial results for the fourth quarter and full year ended March 31, 2025. The company reported a consolidated net profit of Rs 10.90 crore for Q4 FY25, an 11.07 percent increase year-on-year (YoY) from Rs 9.81 crore in Q4 FY24. Sequentially, the net profit saw a decline of 4.44 percent from Rs 11.40 crore in Q3 FY25.
For the full financial year FY25, Borana Weaves posted a significant 70.45 percent YoY jump in net profit to Rs 40.20 crore, compared to Rs 23.59 crore in FY24. The company's revenue from operations for Q4 FY25 stood at Rs 78.70 crore, up 28.25 percent YoY and 0.15 percent quarter-on-quarter (QoQ). For the full year FY25, revenue from operations grew by 45.84 percent YoY to Rs 290.31 crore.
The company's board of directors, in their meeting held on June 10, 2025, approved these audited standalone financial results. The results also reflect a significant increase in equity share capital during FY25, primarily due to a bonus issue in the ratio of 500:1, where for every one share held, 500 bonus shares were issued. The earnings per share (EPS) for previous periods have been adjusted to reflect this bonus issue for comparability.
| Metric | Q4 FY25 (Audited) | Q4 FY24 (Audited) | YoY Change (%) | Q3 FY25 (Unaudited) | QoQ Change (%) | FY25 (Audited) | FY24 (Audited) | YoY Change (%) (Full Year) |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 7,869.52 | 6,135.95 | +28.25% | 7,858.04 | +0.15% | 29,031.04 | 19,905.56 | +45.84% |
| Other Income | 69.48 | 43.87 | +58.38% | 4.93 | +1309.33% | 478.66 | 54.90 | +771.88% |
| Total Income | 7,939.00 | 6,179.82 | +28.47% | 7,862.97 | +0.97% | 29,509.70 | 19,960.47 | +47.84% |
| Total Expenses | 6,588.68 | 4,992.19 | +32.00% | 6,489.37 | +1.53% | 24,524.42 | 17,121.30 | +43.24% |
| Profit Before Tax (PBT) (After Exceptional Items) | 1,349.94 | 1,187.63 | +13.67% | 1,373.54 | -1.72% | 4,912.27 | 2,839.21 | +73.01% |
| Total Tax Expense | 260.33 | 206.59 | +26.01% | 233.32 | +11.58% | 892.03 | 480.58 | +85.62% |
| Net Profit After Tax (PAT) | 1,089.61 | 981.04 | +11.07% | 1,140.22 | -4.44% | 4,020.25 | 2,358.63 | +70.45% |
| Basic EPS (₹) (Adjusted for Bonus) | 5.44 | 4.92 | 5.72 | 20.14 | 11.83 |
Detailed Financial Performance Analysis
Quarterly Performance (Q4 FY25)
In the fourth quarter of FY25, Borana Weaves demonstrated robust top-line growth. Revenue from operations increased by 28.25% YoY to ₹7,869.52 lakhs. Other income also saw a substantial rise to ₹69.48 lakhs compared to ₹43.87 lakhs in Q4 FY24. Consequently, total income for the quarter grew by 28.47% YoY to ₹7,939.00 lakhs.
Total expenses for Q4 FY25 amounted to ₹6,588.68 lakhs, a 32.00% increase from ₹4,992.19 lakhs in the corresponding quarter of the previous year. Key expense components included cost of materials consumed at ₹4,787.05 lakhs (up from ₹3,671.99 lakhs YoY), employee benefits expense at ₹484.69 lakhs (down from ₹671.01 lakhs YoY), finance costs at ₹110.55 lakhs (down from ₹178.05 lakhs YoY), and depreciation and amortisation expense at ₹319.10 lakhs (down from ₹346.24 lakhs YoY). Other expenses stood at ₹796.68 lakhs, a significant increase from ₹98.68 lakhs in Q4 FY24.
Profit before tax (PBT), after an exceptional item loss of ₹0.38 lakhs, was ₹1,349.94 lakhs, up 13.67% YoY. After a total tax expense of ₹260.33 lakhs, the net profit for Q4 FY25 was ₹1,089.61 lakhs, marking an 11.07% YoY growth. The Earnings Per Share (EPS) for Q4 FY25 stood at ₹5.44.
Compared to Q3 FY25, revenue from operations saw a marginal increase of 0.15%. However, net profit declined by 4.44% sequentially, primarily due to slightly higher total expenses and a lower PBT.
Annual Performance (FY25)
For the full financial year 2024-25, Borana Weaves delivered a strong performance. Revenue from operations surged by 45.84% to ₹29,031.04 lakhs from ₹19,905.56 lakhs in FY24. Total income grew by 47.84% to ₹29,509.70 lakhs.
Total expenses for FY25 rose by 43.24% to ₹24,524.42 lakhs. Cost of materials consumed was the largest component at ₹17,803.18 lakhs (up 44.72% YoY). Employee benefits expense increased to ₹1,915.45 lakhs (up 6.96% YoY), while finance costs grew to ₹505.04 lakhs (up 20.88% YoY). Depreciation and amortisation expense was ₹1,306.03 lakhs (up 42.70% YoY).
The company reported an exceptional loss of ₹73.01 lakhs for FY25, related to the profit/loss on the sale of tangible assets. Profit before tax (PBT) for FY25 stood at ₹4,912.27 lakhs, a substantial 73.01% increase from ₹2,839.21 lakhs in FY24. After a total tax outgo of ₹892.03 lakhs (up 85.62% YoY), the net profit for FY25 jumped by 70.45% to ₹4,020.25 lakhs. The annual EPS for FY25 was ₹20.14, compared to an adjusted ₹11.83 in FY24.
Exceptional Items
The financial results for Q4 FY25 include an exceptional loss of ₹0.38 lakhs. For the full year FY25, the exceptional loss amounted to ₹73.01 lakhs. The company stated that these exceptional items are in the nature of profit/loss due to the sale of tangible assets (Property, Plant, Equipment, or Vehicles).
Balance Sheet Overview
As of March 31, 2025, Borana Weaves' total assets stood at ₹15,594.54 lakhs, up from ₹13,705.39 lakhs as of March 31, 2024. Total equity surged to ₹8,754.97 lakhs from ₹4,769.66 lakhs YoY. This significant increase is largely attributable to the rise in equity share capital to ₹1,993.73 lakhs from ₹3.98 lakhs due to the 500:1 bonus share issue. Other equity also increased to ₹6,761.24 lakhs from ₹4,765.68 lakhs. Total liabilities decreased to ₹6,839.57 lakhs from ₹8,935.72 lakhs. Non-current liabilities stood at ₹3,861.99 lakhs (down from ₹4,940.53 lakhs), and current liabilities were ₹2,977.58 lakhs (down from ₹3,995.19 lakhs).
Cash Flow Summary (FY25)
For the financial year ended March 31, 2025:
- Net cash from operating activities was ₹2,264.03 lakhs, a slight increase from ₹2,213.25 lakhs in FY24.
- Net cash used in investing activities significantly reduced to ₹713.84 lakhs from ₹4,807.34 lakhs in FY24, mainly due to lower purchases of property, plant, and equipment.
- Net cash used in financing activities was ₹1,547.34 lakhs, compared to net cash generated from financing activities of ₹2,586.57 lakhs in FY24. This shift was primarily due to repayment of borrowings in FY25 versus proceeds from borrowings in FY24.
- The net increase in cash and cash equivalents for FY25 was ₹2.86 lakhs, improving from a net decrease of ₹7.51 lakhs in the previous year. Cash and cash equivalents at the end of FY25 stood at ₹4.02 lakhs.
Key Board Meeting Decisions
In addition to approving the financial results, the Board of Directors made the following key appointments:
- Approved the appointment of M/s. Vaghela Kishor & Co., Cost Accountants, as cost auditors for the financial year 2025-26.
- Approved the appointment of M/s. Vora Vora & Associates, Chartered Accountants (FRN 140953W), as internal auditors for the financial year 2025-26.
- Approved the appointment of Mr. Jitendrakumar Rewashankar Rawal, Practicing Company Secretary, as secretarial auditors for the financial year 2024-25.
Auditor's Report
The statutory auditors, M/s. KSA & Co., Chartered Accountants, have issued an unmodified opinion on the audited standalone financial results of the company for the quarter and year ended March 31, 2025.
