Board in its Meeting today on Thursday, 22nd May, 2025 has considered and approved the following:- 1. Audited Standalone and Consolidated Financial Result for the quarter and year ended ....
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Mehai Technology's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Standalone revenue from operations rose to about Rs. 10,007 lakhs in FY25 from Rs. 7,946 lakhs in FY24, a growth of roughly 26%. Standalone profit after tax jumped sharply to about Rs. 702 lakhs from around Rs. 66 lakhs, nearly a 10x increase. On a consolidated basis, revenue grew to Rs. 11,497 lakhs from Rs. 5,507 lakhs (about 109% growth), with PAT rising to Rs. 559 lakhs from Rs. 101 lakhs. Statutory auditor Bijan Ghosh & Associates issued an unmodified (clean) opinion on both sets of results. The board also appointed M/s Sumit Bist and Associates as secretarial auditor for five years (FY25–FY29), subject to shareholder approval, and approved disinvestment of its holding in subsidiary Momentous Retails Private Limited.
The sharp jump in both revenue and profit, combined with expanding margins, indicates a strong turnaround year for the company. The disinvestment of a subsidiary is a portfolio restructuring move that may reduce consolidated scope going forward but frees up capital. Shareholders should watch for the disinvestment terms and approval of the new secretarial auditor at the upcoming AGM.