This is to inform you that Board of Directors in their meeting held today ie 28.05.2025 passed the following a) considered and approved audited financial results for the quarter and year ....
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Maharashtra Corporation's board, meeting on May 28, 2025, approved audited financial results for Q4 and full year ended March 31, 2025. Full-year total income nearly doubled to Rs. 155.01 lakhs from Rs. 79.49 lakhs in FY24, but net profit fell sharply to Rs. 8.72 lakhs from Rs. 23.87 lakhs last year, as total expenses surged to Rs. 141.88 lakhs from Rs. 55.62 lakhs. The company slipped into a Q4 loss of Rs. 76.32 lakhs versus a Rs. 39.62 lakh profit in Q3 FY25, driven by one-time expenses and depreciation. The board also appointed M/s. Kirti Sharma & Associates as Secretarial Auditor for five years from April 1, 2025, and re-appointed Mr. Lakhpat M. Trivedi as Internal Auditor for FY25-26.
Sharply higher expenses ate into profitability despite revenue growth, leaving Q4 in the red and full-year profit down over 60%. Cash reserves also plunged to just Rs. 1.93 lakhs at year-end from Rs. 101.35 lakhs, signalling tight liquidity that shareholders should watch closely.