Audited Results for quarter and year ended 31 MArch 2025
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Mahalaxmi Seamless Limited reported its audited results for FY25 with revenue from operations plunging to ₹193.92 Lacs from ₹1,844.00 Lacs in FY24, an ~89% year-on-year decline, likely reflecting a near-shutdown of core operations. Despite the steep revenue fall, the company swung to a profit of ₹25.48 Lacs (vs a loss of ₹124.36 Lacs last year), helped by a lower cost base and the absence of the large ₹157.20 Lacs exceptional loss that had hit FY24. EPS improved to ₹0.48 from a negative ₹2.39. However, the balance sheet remains weak with negative other equity of ₹(575.02) Lacs, implying negative net worth, and borrowings of around ₹140.51 Lacs (current plus non-current). Operating cash flow turned positive at ₹37.41 Lacs versus a negative ₹61.49 Lacs in the prior year. The auditor issued an unmodified opinion and also appointed a new secretarial auditor for FY25.
For shareholders, the headline is mixed: while losses have reversed to profits and cash flow has improved, the dramatic revenue collapse and persistent negative net worth raise serious going-concern questions. The stock may see limited near-term upside until revenue recovery is demonstrated.