Gujarat Toolroom Limited approved a 5:1 bonus share allotment and reported Q3 FY2024-25 results. Revenue grew 76% YoY to ₹231.23 crore, but net profit fell 90% to ₹1.43 crore. The rough diamonds & gold segment was the main revenue driver. Auditors raised concerns about missing invoices and stock verification issues. The stock hit a 5% lower circuit following the announcement.
Gujarat Toolroom Limited reported a 66.5% YoY decline in Q3 FY25 net profit to ₹133.60 crore, despite a 17.8% decrease in revenue to ₹4,767.77 crore. The company's Rough Diamonds & Gold segment reported a loss, while the Others segment remained profitable. The Board approved a 5:1 bonus share issuance, with the record date set for February 18, 2025. Auditors raised concerns about missing purchase invoices and inability to verify stock, highlighting potential internal control issues.