Outcome of Board Meeting to be held on today
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' Board, at a 30-minute meeting on May 23, 2025, approved the audited financial results for Q4 FY25 and the full year ended March 31, 2025. Revenue from operations for FY25 stood at around Rs. 3,533.85 lakhs (total income), with profit before tax of Rs. 11.15 lakhs and net profit of just Rs. 5.46 lakhs, down sharply from Rs. 18.59 lakhs in FY24 — a roughly 71% decline. Q4 FY25 was particularly weak, with revenue from operations of only Rs. 54.70 lakhs (versus Rs. 620.46 lakhs in the prior year quarter) and a net loss of Rs. 73.09 lakhs. EPS for the year fell to Rs. 0.05 from Rs. 0.19. Statutory auditor S K Bhavsar & Co. issued an unmodified opinion but flagged that GST returns could not be verified (GST number not available) and that trade receivables, payables, and loans remain subject to confirmation.
Shareholders should note a steep deterioration in profitability, with the company swinging to a net loss in Q4 FY25 and full-year net profit nearly halving YoY. While the audit opinion is clean, the auditor's emphasis-of-matter notes on unverified GST filings and unconfirmed balances are yellow flags worth tracking. Near-term stock sentiment is likely negative given the weak numbers, though the company remains debt-light (borrowings of only Rs. 15.56 lakhs) and does not qualify as a Large Corporate.