Enclosed herewith the Audited standalone financial results for the quarter and year ended on March 31, 2025, along with report of Statutory auditor M/s B H Advani & Associates
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Mahasagar Travels Ltd submitted its audited standalone financial results for the quarter and year ended March 31, 2025, along with an unmodified auditor's report from M/s B H Advani & Associates. The board also approved the appointment of CS Kishor Dudhatra as Secretarial Auditor for five years (FY2025-26 to FY2029-30), pending shareholder approval. The balance sheet shows total equity of just Rs. 4.58 lakh (up from negative Rs. 22.62 lakh) against total liabilities of Rs. 1,270.41 lakh, with accumulated losses of Rs. 790.93 lakh in reserves. The company sharply reduced non-current borrowings from Rs. 323.47 lakh to Rs. 123.69 lakh and reported positive operating cash flow of Rs. 405.47 lakh. Notably, the auditor references 'net loss' for the period, and the company's only reportable segment is 'Petrol Pump' despite its travel-related name.
Minor positive: improved equity position and strong debt reduction signal cleanup efforts. But for shareholders, the near-zero equity base, Rs. 790 lakh accumulated losses, and negative net profit flag weak fundamentals and high financial risk going forward.