Audited financial results, standalone and consolidated, for the quarter/year ended 31st March 2025
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Milestone Global Limited reported a sharp fall in full-year profits despite a return to profitability in the March quarter. Standalone revenue from operations fell about 19% to Rs. 1,220.32 lakhs (from Rs. 1,510.09 lakhs), and standalone profit after tax nearly halved to Rs. 28.28 lakhs (from Rs. 65.13 lakhs). On a consolidated basis, revenue slipped to Rs. 1,230.72 lakhs and PAT dropped about 73% to Rs. 19.51 lakhs. The USA segment, the largest, saw revenue fall to Rs. 683.95 lakhs (from Rs. 1,099.43 lakhs) and segment profit shrink to Rs. 40.72 lakhs, while the Europe segment actually grew both revenue and profit. EPS for the standalone year fell to Rs. 0.56 from Rs. 1.30. Q4 standalone turned around to a PAT of Rs. 2.39 lakhs compared to a Rs. 23.59 lakh loss a year ago. Standalone operating cash flow turned negative at Rs. (51.62) lakhs. The statutory auditor, P.L. Tandon & Co., issued an unmodified (clean) opinion on both standalone and consolidated results.
Shareholders should note a year of revenue and profit decline led by weakness in the USA business, though Europe is providing some offset and Q4 returned to profitability. The negative standalone operating cash flow and sharply lower EPS are negatives, while the clean audit opinion and lack of any debt on the books are positives. Overall the picture is one of weak top-line and margin compression rather than any structural concern flagged by the auditor.