Outcome of Board Meeting-Financial Results
MCCHRLS-B · price
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The Board approved audited financial results for Q4 and FY25 on May 16, 2025 with an unmodified (clean) opinion from statutory auditor Walker Chandiok & Co LLP. Standalone revenue from operations fell to ₹98.31 million from ₹113.83 million in FY24, while total income rose to ₹731.02 million driven by higher other income of ₹632.71 million (vs ₹405.79 million). The company reported a wider standalone loss after tax of ₹590.75 million (vs ₹405.37 million), with basic loss per share deepening to ₹(45.09). Consolidated loss after tax widened sharply to ₹1,057.77 million from ₹661.81 million, with EPS of ₹(80.74). On the balance sheet, reserves fell to ₹3,946.08 million and non-current borrowings jumped to ₹10,401.26 million (vs ₹8,237.23 million), pushing the debt-to-equity ratio to -352%. The auditor flagged a Scheme of Arrangement for demerger of a real estate undertaking into wholly owned subsidiary Embassy Prism Ventures, and disclosed interest-free inter-corporate deposits of up to ₹6,000 million to another wholly owned subsidiary (₹3,964.97 million already released).
Shareholders are seeing a third straight year of widening losses, a ~26% jump in long-term borrowings, and eroding net worth, though the company continues to fund large investment property development and a planned demerger. The clean audit opinion and stable BBB credit rating on outstanding NCDs provide some comfort, but rising leverage and ongoing losses remain key concerns for the stock.