Annual Report for the Financial Year 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mihika Industries Limited has submitted its 42nd Annual Report for FY 2024-25 along with the notice for its Annual General Meeting scheduled for 29th September 2025 via video conferencing. Revenue from operations jumped sharply to Rs. 3,473.83 lakhs from Rs. 620.46 lakhs in the previous year, while total revenue rose to Rs. 3,533.85 lakhs. However, profit before tax fell to Rs. 11.15 lakhs (from Rs. 19.30 lakhs) and net profit after tax dropped to Rs. 5.46 lakhs (from Rs. 17.68 lakhs), with EPS at Rs. 0.05 versus Rs. 0.18. The directors have not recommended any dividend, citing the need to conserve resources for future growth. Shareholders will also vote on special resolutions seeking borrowing power to create charges on company assets and to lend, invest, or give guarantees up to Rs. 1,000 crore.
Despite a nearly 5.6x jump in operating revenue, margins remain thin and bottom-line profit has shrunk, which may concern shareholders looking for earnings growth. No dividend is being declared, and the Rs. 1,000 crore investment/loan limit being sought suggests the company is preparing for significant expansion or acquisitions.