Outcome of Board Meeting held today i.e. on Tuesday, 27th May, 2025.
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Awaiting price reaction for this filing.
Maximus International's board approved audited financial results for FY25 on May 27, 2025. On a consolidated basis (which includes foreign subsidiaries Maximus Global FZE, MX Africa and their step-down subsidiaries), revenue from operations jumped to ₹15,684.63 lakhs from ₹10,882.67 lakhs in FY24, a growth of about 44%. Consolidated net profit rose to ₹909.72 lakhs from ₹798.63 lakhs (~14% growth), with EPS of ₹0.68 vs ₹0.63. However, Q4 consolidated net profit dipped to ₹203.19 lakhs from ₹276.87 lakhs in Q4 FY24. On a standalone basis, revenue from operations fell sharply to ₹519.74 lakhs from ₹817.86 lakhs (~36% decline), though standalone net profit grew to ₹55.64 lakhs from ₹7.99 lakhs. The auditor (Shah Mehta & Bakshi) issued an unmodified opinion on both results. The company also disclosed utilization of ₹21.15 crore raised via preferential equity shares/warrants, used for subsidiary investment/loan and working capital.
Shareholders should note the divergence between strong consolidated growth (driven by overseas subsidiaries in lubricants) and a sharp standalone revenue decline. Negative operating cashflows on both standalone (₹-13.94 lakhs) and consolidated (₹-1,456.74 lakhs) basis remain a watch point despite the profit growth.