Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''SEBI Listing Regulations''), this is to inform that the Board of Directors at ....
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The board approved audited standalone and consolidated financial results for the half year and full year ended 31st March 2025. Standalone revenue from operations jumped about 71% year-on-year to Rs. 16,433.27 Lakhs, while standalone profit after tax grew about 77% to Rs. 1,079.03 Lakhs. On a consolidated basis, revenue rose to Rs. 16,430.08 Lakhs and profit after tax almost doubled to Rs. 1,091.25 Lakhs, helped by a small UK subsidiary (MCPL Ceramics Limited UK). The statutory auditor issued an unmodified opinion but flagged an emphasis of matter that Rs. 51.34 Lakhs of trade receivables older than 3 years have not been provided for, as management considers them recoverable. The board also tabled an auditor's utilization certificate for proceeds of the December 2024 preferential issue and share warrants, confirming Rs. 4,811 Lakhs used for working capital and business expansion out of Rs. 4,948 Lakhs raised for that purpose, and Rs. 1,742 Lakhs used for general corporate purposes out of Rs. 1,791 Lakhs raised.
Topline and bottomline growth are strong and should be viewed positively by shareholders, but operating cash flow was sharply negative at about Rs. (3,995) Lakhs standalone, meaning profits are not converting into cash and working capital is absorbing liquidity. The auditor's emphasis on aged, unprovided trade receivables is a small but worth-watching credit quality flag.