Financial Results for the Quarter and Financial Year ended 31.03.2025.
Awaiting price reaction for this filing.
MSR India Ltd reported audited results for FY25 showing a net loss of Rs. 53.39 lakhs versus a profit of Rs. 93.47 lakhs in FY24 (which was boosted by an exceptional gain of Rs. 585.75 lakhs from sale of land). Revenue from operations remained negligible (around Rs. 0.76 lakhs), indicating the company has very little active business. Total expenses for FY25 were Rs. 53.39 lakhs versus Rs. 493.03 lakhs in FY24. The balance sheet shows negative total equity of Rs. (1,049.21) lakhs as at 31 March 2025, down from positive Rs. 1,451.15 lakhs a year earlier, with other equity at Rs. (4,193.21) lakhs. Cash from operations was negative at Rs. (53.39) lakhs. The statutory auditor (M.M Reddy & Co.) issued an unmodified (clean) opinion. The Board also appointed new internal and secretarial auditors.
This is a deeply concerning filing for shareholders — the company is loss-making at the operating level, has eroded into negative net worth, generates virtually no revenue, and posted negative operating cash flow. The FY24 profit was a one-off land sale and is not recurring. Investors should view this as a high-risk, going-concern situation; the stock is likely to remain under pressure unless the company restarts real operations or raises fresh capital.