Outcome of Board Meeting for approval of Audited Financials Results for the Quarter and Year ended March 31, 2025.
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The Board of Directors of BMB Music & Magnetics Ltd (which produces feature films) approved its audited standalone financial results for the quarter and year ended March 31, 2025 at a meeting held on May 30, 2025. Revenue from operations stood at just Rs. 1.50 lakhs for FY25 (up from Rs. 1.10 lakhs in FY24), while profit for the year surged to Rs. 126.88 lakhs (vs Rs. 5.18 lakhs in FY24). The profit jump is largely driven by inventory adjustments — changes in inventories swung from a Rs. 243.24 lakh credit last year to a Rs. 93.31 lakh debit this year, indicating films in production were completed or capitalised. Total assets on the balance sheet dropped sharply from Rs. 1,104.52 lakhs to Rs. 115.75 lakhs, and other equity remains in the negative at Rs. (241.43) lakhs, though improved from Rs. (368.31) lakhs. Auditor Vinod Singhal & Co LLP issued a clean (unqualified) opinion, but flagged that the company has no internal audit system commensurate with its size, its accounting software lacks an audit trail feature, and TDS arrears of Rs. 46.92 lakhs are outstanding.
For retail investors, the headline 24x jump in profit is misleading — operational revenue is negligible (Rs. 1.50 lakhs) and most of the profit comes from inventory book adjustments, not actual business activity. The stock is a very small, thinly-traded BSE listing, so this approval is procedural; the quality of earnings and continuing TDS compliance issues are more meaningful concerns than the reported profit number.