Board of Directors at their meeting held today i.e., 22nd May, 2025 has approved the audited financial results (standalone) for the quarter and financial year ended 31st march, 2025
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.1 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mega Corporation Limited (an NBFC) reported FY25 total revenue from operations of ₹601.62 lakhs, up ~57% from ₹382.70 lakhs in FY24, driven mainly by interest income. However, profit before tax fell ~31% to ₹36.74 lakhs as finance costs surged ~78% to ₹419.20 lakhs, compressing the PBT margin sharply. Profit after tax was nearly flat at ₹25.03 lakhs (vs ₹25.94 lakhs). Total comprehensive income more than doubled to ₹98.93 lakhs, helped by a ₹73.90 lakh gain from fair valuation of equity instruments. EPS doubled to ₹0.08 (vs ₹0.04). The company raised equity through a rights issue, doubling paid-up capital to ₹2,000 lakhs. Auditor (Manish Pandey & Associates) issued an unmodified opinion but flagged that the statutory auditor resigned during the year and noted significant loans to promoters/related parties (~₹8.27 cr). Net cash from operating activities was negative.
Top-line growth looks healthy but bottom-line is under pressure from rising borrowing costs, and negative operating cash flow is a red flag for an NBFC. The auditor resignation combined with large related-party lending warrants close scrutiny. Short-term shareholder sentiment is likely neutral-to-negative despite the revenue growth optics.