Approval of audited financial results for quarter & year ended on March 2025
Awaiting price reaction for this filing.
The Board of Directors of Mahaveer Infoway Limited approved the audited financial results for Q4 FY25 and full year FY25 at its meeting on May 20, 2025. Revenue from operations fell sharply by about 50% to Rs. 273.07 lakhs (from Rs. 541.31 lakhs in FY24), with Q4 revenue also dropping to Rs. 24.14 lakhs versus Rs. 57.88 lakhs in the year-ago quarter. Despite the revenue decline, the company swung to a profit of Rs. 8.00 lakhs at the PAT level for FY25 compared to a loss of Rs. 38.90 lakhs in FY24, aided by lower employee and other expenses. The statutory auditor M/s. Kalyana & Co. issued an unmodified (clean) opinion on the financial statements. The company also appointed M/s. Baheti & Gupta as Secretarial Auditors for FY26. Operating cash flow remained negative at Rs. (10.38) lakhs for FY25.
Mixed signals for shareholders — the company returned to profitability at the bottom line despite a steep revenue contraction, but weak operating cash flow and a substantial prior-year income tax demand of around Rs. 8.99 crores remain concerns. The clean auditor opinion is a positive, though the sharp revenue drop may weigh on near-term stock sentiment.