Board of Directors at their meeting held on 29.05.2025 approved Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2025
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Milkfood Ltd reported Q4 FY25 revenue from operations of Rs 15,803 lakhs, up about 30% from Rs 12,169 lakhs in Q4 FY24. Full-year FY25 revenue rose marginally to Rs 44,776 lakhs from Rs 43,693 lakhs. However, profit after tax declined sharply — FY25 PAT came in at Rs 452 lakhs versus Rs 712 lakhs last year (about 36% drop), and Q4 PAT fell to Rs 242 lakhs from Rs 388 lakhs. The drop was driven mainly by a sharp rise in raw material costs (up about 14% to Rs 37,457 lakhs for the year), which outpaced revenue growth and compressed margins. The auditor issued an unmodified opinion but flagged emphasis-of-matter notes covering biological asset valuations, GST-related interest, trade receivables, supplier advances, a new CGST demand, and the withdrawal of the ESOP scheme. The Board paid an interim dividend of Rs 2.50 per share. Operating cash flow remained healthy at Rs 1,924 lakhs.
Mixed picture for shareholders — strong Q4 revenue momentum is encouraging, but profitability is under pressure from rising input costs and a sharp fall in PAT. Investors should also watch the Rs 1,896 lakh CGST demand on the Patiala plant (with equal penalty) and total contingent liabilities of Rs 3,874 lakhs, which pose a potential earnings risk if appeals are unsuccessful.