Submission of results for the quarter and financial year ended on 31st March, 2025
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Max Heights Infrastructure Limited reported its audited standalone results for FY 2024-25. Total revenue fell sharply to ₹462.05 lakhs from ₹2,289.76 lakhs in the previous year, a decline of roughly 80%, dragged down by a steep drop in real estate segment revenue (₹355.07 lakhs vs ₹2,255.00 lakhs). The company swung from a net profit of ₹30.81 lakhs in FY24 to a net loss of ₹39.98 lakhs in FY25, with Q4 alone posting a loss of ₹28.44 lakhs. Operating cash flow turned deeply negative at ₹(688.63) lakhs versus ₹804.02 lakhs last year, forcing the company to raise fresh borrowings (non-current borrowings jumped from ₹97.47 lakhs to ₹669.84 lakhs) to sustain operations. The statutory auditor issued an unqualified (clean) opinion, and the board appointed Shailendra Roy & Associates as the secretarial auditor for FY25. Cash on hand fell sharply to just ₹9.60 lakhs at year-end.
Shareholders should note the sharp revenue contraction, return to loss-making, and deeply negative operating cash flow which significantly raises financial risk despite the clean audit opinion. The increased reliance on borrowings and related-party loans (including ₹400 lakhs from a director) to fund operations is a yellow flag for retail investors.