Audited (Standalone And Consolidated) Financial Results For the Quarter And Year Ended On March 31, 2025
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Maitri Enterprises reported strong top-line growth for FY25 with standalone revenue from operations jumping to Rs. 2,861.72 lakhs from Rs. 1,834.64 lakhs in FY24, a rise of about 56%, led mainly by the Sale of Services segment. Standalone profit before exceptional items and tax surged to Rs. 150.58 lakhs from Rs. 11.64 lakhs, though an exceptional write-off of Rs. 104.41 lakhs (non-current loans and advances, partly due from a struck-off company) cut the reported profit before tax to Rs. 46.17 lakhs. Net profit for the year stood at Rs. 30.02 lakhs (EPS Rs. 0.68) versus Rs. 8.01 lakhs (EPS Rs. 0.18) last year, while consolidated net profit swung to Rs. 16.88 lakhs from a loss of Rs. 44.95 lakhs. Operating cash flow turned sharply positive at Rs. 259.86 lakhs (standalone), helped by better working capital and a large loan repayment. The auditor, however, issued a qualified opinion flagging unconfirmed trade payables of Rs. 81.57 lakhs, trade receivables of Rs. 52.33 lakhs, and non-moving inventory of Rs. 73.96 lakhs.
Positive for shareholders on the operational turnaround, strong revenue growth, return to profitability, and improved cash generation, but the auditor's qualified opinion, unresolved investor complaints (7 of 10), and lingering quality issues in receivables, payables, and inventory are red flags investors should weigh against the headline numbers.