Financial Results
Awaiting price reaction for this filing.
Murae Organisor Ltd announced audited results for FY25 showing revenue from operations jumping to Rs. 85,482.18 lacs from just Rs. 254.33 lacs in FY24, with net profit rising to Rs. 751.93 lacs from Rs. 5.31 lacs. Q4 FY25 revenue stood at Rs. 51,553.38 lacs. However, the statutory auditor (Parin Patwari & Co.) issued a Disclaimer of Opinion, stating they could not verify multiple items including Rs. 21,275.11 lacs in unsecured loans without agreements, Rs. 28,367.23 lacs in unconfirmed loans/advances, Rs. 6,775.68 lacs in unconfirmed supplier advances, and Rs. 19,502.20 lacs in trade payables lacking MSME classification. The auditor also flagged sales invoices without e-way bills or delivery proof, and noted the company has no godown facilities despite inventory operations. Operating cash flow was deeply negative at Rs. (32,296.90) lacs. The company appointed M/s. Jay Pandya & Associates as Secretarial Auditor for FY25.
Despite headline numbers showing explosive revenue and profit growth, the auditor's disclaimer casts serious doubt on the authenticity and reliability of these figures — shareholders should treat the reported financials with extreme caution as the company could not produce supporting documentation for large transactions. Stock price may face significant downside risk on this disclosure.