Outcome of the meeting of the Board of Directors held on Friday, May 30, 2025
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Madhuveer Com 18 Network Limited's board, at its meeting on May 30, 2025, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025, along with the cash flow statement. Statutory auditors M/s Maak and Associates issued an unmodified (clean) opinion on both sets of results. For FY25, total income fell sharply to Rs 232.85 lakhs from Rs 423.36 lakhs in FY24, and net profit dropped to Rs 99.66 lakhs from Rs 275.35 lakhs, with EPS of Rs 0.41 vs Rs 2.90. In Q4 FY25 alone, net profit was Rs 24.44 lakhs versus Rs 292.78 lakhs in Q4 FY24. The balance sheet shows total assets rising to Rs 3,840.18 lakhs (from Rs 2,534.97 lakhs), equity share capital increasing to Rs 2,448.07 lakhs (from Rs 948.07 lakhs) due to a fresh share issue of Rs 1,500 lakhs during the year.
Sharply lower year-on-year revenue and profit with a clean audit opinion - shareholders should weigh weak operating performance against the equity dilution from the fresh share issue. The company remains a small, thinly-traded entity, so results may move the stock price but liquidity could amplify swings.