The Company has, inter alia, approved Audited Financial Results for the quarter and year ended 31.03.2025 in its Board Meeting held on today''s i.e. 26.05.2025.
MAJESAUT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Majestic Auto's Board approved audited results for FY25 on May 26, 2025. On a standalone basis, the company swung to a net loss of Rs 336.17 lakhs versus a profit of Rs 2,325.17 lakhs last year, with revenue from operations nearly halving to Rs 2,443.67 lakhs from Rs 4,823.40 lakhs. On a consolidated basis, net profit fell sharply to Rs 879.37 lakhs from Rs 3,309.67 lakhs, while revenue dropped to Rs 6,431.43 lakhs from Rs 8,341.62 lakhs. The losses were largely driven by negative other income (unrealised losses on stocks, mutual funds and AIFs due to market volatility). The auditor issued an unmodified (clean) opinion. The Board also recommended a final dividend of Rs 5/share, taking total FY25 dividend to Rs 10/share (100%). Other items approved include the appointment of new secretarial auditors, re-appointment of a director, shifting of the registered office, and review of the related party transactions policy.
Shareholders take a hit as the company reported a standalone net loss with sharply lower revenue, though it remains well-capitalised with equity of Rs 57,667 lakhs and is paying a full 100% dividend. The weak results, largely from investment-related losses rather than core operations, may weigh on the stock in the near term despite the attractive dividend yield.