Outcome of Board Meeting for Half and Year ended on 31st March, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Magenta Lifecare, a BSE SME-listed household furnishings company, reported its first full-year results since its June 2024 IPO. Revenue from operations grew about 16% YoY to Rs. 1,018.35 lakhs (from Rs. 876.28 lakhs), and total revenue rose to Rs. 1,077.09 lakhs. However, profit after tax collapsed roughly 89% to just Rs. 8.28 lakhs (from Rs. 73.85 lakhs), with PBT falling to Rs. 6.71 lakhs from Rs. 102.16 lakhs. The second half was particularly weak, with revenue down about 8% YoY to Rs. 434.12 lakhs, and operating cash flow turned deeply negative at Rs. -414.71 lakhs (vs Rs. -98.13 lakhs). The statutory auditor (S S R V & Associates) issued an unmodified (clean) opinion. The board also appointed a new secretarial auditor and internal auditor.
Despite top-line growth, the sharp ~89% PAT collapse and steeply negative operating cash flow signal serious margin pressure and working-capital strain, which is likely to weigh on the stock. The clean auditor opinion and IPO-related balance sheet expansion (reserves up to Rs. 705 lakhs) provide some comfort, but earnings quality is a clear concern for shareholders.