enclosed herewith are the revised Audited Financial Results for the half year and year ended 31st March, 2025 for the Company.
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Mewar Hi-Tech Engineering Ltd reported audited FY25 results with revenue from operations of Rs. 50.54 crore, up about 47% from Rs. 34.28 crore in FY24. Net profit surged to Rs. 2.85 crore from Rs. 1.00 crore, a growth of roughly 185%, while EPS rose to Rs. 7.31 from Rs. 2.56. The second half of FY25 alone contributed Rs. 33.50 crore in revenue and Rs. 2.84 crore in net profit. Debt-equity ratio improved to 2.99 from 3.24, and the auditor (Maheshwari N. & Associates) issued an unmodified opinion. Key audit matters flagged significant related party dealings with Mewar Technocast Pvt Ltd, delays in depositing statutory dues such as TDS, PF and ESI, and weak inventory record-keeping controls. The audit trail (edit log) was also not enabled for the full year in the company's accounting software.
Strong operational turnaround with revenue and profit growing sharply and balance sheet leverage easing, which is positive for shareholders. However, governance red flags — pending statutory dues, heavy related party exposure, and weak internal controls — may temper investor confidence despite the headline earnings growth.