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Microse India Limited has submitted its unaudited financial results for the quarter ended 30th June 2025, approved by the Board on 12th August 2025. Revenue from operations for the quarter is shown as a negative figure, which the company attributes entirely to losses on futures and options trades. The company has also changed its accounting method for valuing shares held as investments and inventory, moving from cost-based recognition to fair market value, with the full effect of this change absorbed in the current quarter's results. The company continues to operate in a single business segment, so no separate segment reporting is provided. The statutory auditor, Todarwal & Todarwal LLP, has issued an unqualified limited review report, stating nothing came to their attention suggesting the results were improperly disclosed.
The negative revenue line driven by F&O trading losses is a red flag for shareholders, as it suggests trading activity wiped out operational income this quarter. Additionally, the one-time change in share valuation policy (cost to fair market value) could distort comparability with prior periods, making it harder for investors to assess the underlying business performance.