Annual Report for the FY 2021-22
Awaiting price reaction for this filing.
Matra Kaushal Enterprise Ltd, which makes voltage stabilizers under the 'UNISTAB' brand, filed its 30th Annual Report for FY 2021-22. Revenue from operations fell to Rs. 74.83 lakh from Rs. 98.26 lakh in the previous year. Total expenses ballooned sharply to Rs. 19.21 crore from Rs. 99.32 lakh, pushing the company into a massive net loss of Rs. 18.46 crore, compared to a small profit of Rs. 17,887 in FY 2020-21. Earnings per share turned negative at Rs. (0.92). The Board did not recommend any dividend, and the 30th AGM is scheduled for September 30, 2022, with re-appointment of director Mrs. Premlata Partani on the agenda.
The sharp spike in expenses resulting in a Rs. 18.46 crore loss is a major red flag for shareholders and could weigh negatively on the stock. No dividend has been declared, and the company has not appointed a secretarial auditor or internal auditor for the year, which may raise governance concerns.