Manaksia Limited has informed the Exchange regarding 'Clarification on Audited Financial Results filed for the quarter and Financial Year ended 31/03/2025'.
MANAKSIA · price
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Manaksia Limited has issued a clarification correcting previously filed audited financial results for Q4 and FY ended 31 March 2025. The error was caused by incorrect cell linking in Excel and affected only the Segment Assets disclosure. The 'Others' segment assets were wrongly shown as Rs. 45.05 lacs instead of the correct Rs. 31.24 lacs, and the total segment assets were wrongly shown as Rs. 23,564.78 lacs instead of Rs. 23,550.97 lacs. The company clarified there are no changes to any other line items, including revenue, expenses, or profit. The full results attached show standalone revenue from operations of Rs. 73,104.83 lacs (up modestly from Rs. 70,153.89 lacs in FY24) but standalone PAT declined about 26% to Rs. 5,812.38 lacs versus Rs. 7,870.01 lacs. On a consolidated basis, revenue was Rs. 16,582.69 lacs, with PAT of Rs. 1,166.59 lacs, and a Rs. 2,761.69 lacs exceptional loss linked to Nigerian currency devaluation.
The correction itself is cosmetic and does not alter earnings or net worth, so the impact on the stock price is likely negligible. However, the underlying results reveal standalone PAT contraction of around 26% and a sizable exceptional FX loss in Nigerian operations, which shareholders should note when assessing the company's earnings quality.