Madhucon Projects Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
MADHUCON · price
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Madhucon Projects Limited has filed its audited standalone and consolidated results for Q4 and FY25, which carry a qualified (modified) opinion from statutory auditor P. Murali & Co. Revenue from operations fell sharply to Rs 58,032.49 lakhs in FY25 from Rs 95,124.33 lakhs in FY24, a drop of about 39%. The company reported a net loss of Rs 2,104.41 lakhs for FY25, wider than the Rs 1,026.94 lakhs loss a year earlier. The auditor flagged multiple serious issues, including questionable carrying value of Rs 1,03,662.52 lakhs in subsidiary investments, defaults on bank loans of Rs 6,785.99 lakhs (Canara Bank and PNB classified as NPA), and a going concern risk since current liabilities exceed current assets by Rs 37,034.83 lakhs. There are also pending CBI and Enforcement Directorate cases, NCLT insolvency proceedings against three subsidiaries, and ED-attached properties worth about Rs 177 crore linked to the group.
This is a deeply distressed filing: shrinking revenue, widening losses, a qualified audit opinion, and an explicit going concern warning from the auditor signal severe financial stress. Shareholders should be cautious — the stock carries high risk given the legal cloud over group companies, loan defaults, and the possibility that impairment write-offs on Rs 1 lakh+ crore of subsidiary investments could materially deepen future losses.