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Awaiting price reaction for this filing.
Magenta Lifecare Ltd has submitted its Annual Report for FY 2024-25 along with the notice for its 10th Annual General Meeting, scheduled for 27th September 2025 at 3:00 PM via video conferencing. The company is in the mattress business and listed on BSE (code: 544188). Key financials show revenue from operations rose to Rs. 1,018.35 lakhs from Rs. 876.28 lakhs in FY23-24, a growth of about 16%. However, profit after tax sharply fell to Rs. 8.28 lakhs from Rs. 73.85 lakhs in the previous year, and EPS dropped to Rs. 0.12 from Rs. 1.52. No dividend has been recommended. The report also highlights the company's IPO in June 2024, a Rs. 700 lakh fresh issue that was oversubscribed 983 times and listed on BSE with a substantial gain.
Despite top-line growth, the steep fall in profit is a red flag for shareholders, indicating significant margin compression. The non-IPO-listed company history may explain the FY24 surge, with FY25 results showing normalization. No dividend means shareholders rely solely on stock price appreciation for returns.