Maral Overseas Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2025, in which The Board of Directors inter-alia considered and approved the audited financial results for the quarter and year ended 31st March, 2025, appointment of Internal Auditors, cost auditor and secretarial auditor.
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Maral Overseas Limited's board approved audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. Revenue from operations grew about 9% YoY to Rs 1,04,703 lakhs (from Rs 96,006 lakhs), but the company swung to a wider net loss of Rs 2,420 lakhs versus Rs 977 lakhs in the previous year, with EPS at Rs (5.83) vs Rs (2.35). The garment segment was the main drag, posting a loss of Rs 1,887 lakhs for FY25, while yarn and fabric segments also saw lower profits. The board also appointed Ashim & Associates and GSA & Associates, LLP as Internal Auditors, K.G. Goyal & Co. as Cost Auditor for FY 2025-26, and Manisha Gupta & Associates as Secretarial Auditor for a five-year term from FY 2025-26.
Mixed to negative for shareholders: top-line growth was positive, but profitability deteriorated sharply, with losses more than doubling YoY and the garment segment deepening its losses. The new auditor appointments are routine and not value-accretive on their own; the stock may face pressure on the wider FY25 loss.