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The Board of Magnus Steel and Infra Ltd (formerly Magnus Retail Ltd) approved the audited standalone financial results for FY ended 31 March 2025. Revenue jumped sharply to Rs 319.01 lakhs from Rs 66.54 lakhs in FY24, and the company swung to a net profit of Rs 5.67 lakhs compared to a loss of Rs 37.93 lakhs last year. EPS for the year stood at Rs 0.17 versus Rs (1.12) previously. Statutory auditor M/s Verma S & Associates issued an unmodified opinion on the results. The Board also appointed M/s Ritesh Sharma & Associates as Secretarial Auditor for a five-year term from FY26 to FY30, subject to shareholder approval.
The dramatic revenue jump and turnaround to profitability are positives, but this comes alongside negative other equity (Rs -482.76 lakhs), rising borrowings, and negative operating cash flow, suggesting financial health remains fragile despite the headline improvement.