Financial Results for the quarter and year ended 31st March 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mid India Industries Ltd reported revenue from operations of Rs 137.43 lakhs for Q4 FY25, slightly lower than Rs 141.51 lakhs in Q4 FY24. For the full year FY25, revenue rose to Rs 673.20 lakhs from Rs 632.17 lakhs in FY24, a growth of about 6.5%. However, the company posted a net loss of Rs 42.44 lakhs for FY25, wider than the Rs 11.79 lakhs loss in FY24. Q4 FY25 saw a smaller net loss of Rs 3.84 lakhs versus Rs 19.06 lakhs in Q4 FY24. Exceptional items of Rs 15.02 lakhs weighed on FY25 results. Cash flow from operating activities remained negative at Rs 15.62 lakhs. The auditor issued an unmodified opinion but flagged an Emphasis of Matter that accumulated losses have completely wiped out the company's net worth, with reserves at negative Rs 2,080.26 lakhs.
This is a significant red flag for shareholders — the company's net worth is fully eroded by accumulated losses, and despite modest revenue growth, losses are widening, raising serious going-concern doubts and likely pressure on the stock price.