Audited Financial Results along with Auditors report for the half year and year ended on 31st March, 2025
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Mewar Hi-Tech Engineering Ltd, a Udaipur-based manufacturer of construction equipment (crushers, screens, conveyors), reported audited FY25 results. Revenue from operations rose to Rs 5,053 lakhs from Rs 3,428 lakhs in FY24, a growth of about 47%. Net profit jumped to Rs 285.37 lakhs from Rs 100.12 lakhs (~185% increase), and EPS improved to Rs 7.31 from Rs 2.56. EBITDA margin expanded from roughly 11.8% to 14.3%. Debt-equity ratio improved to 2.99 from 3.24. The auditor (Maheshwari N & Associates) issued an unmodified opinion, but flagged Key Audit Matters around significant related-party dealings with Mewar Technocast Pvt Ltd, delays in depositing statutory dues such as TDS, PF, ESI and TCS, and weak inventory record-keeping. Statutory dues in arrears totalled over Rs 52 lakhs, and Income Tax disputes for FY2013-14 through FY2018-19 remain pending.
Strong top-line growth, sharp profit jump, and margin expansion are clearly positive signals for shareholders. However, the delayed statutory payments, pending tax litigations, and related-party concentration highlighted by the auditor warrant caution on governance and compliance quality.