Financial Results for the quarter and year ended 31st March, 2025
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Millennium Online Solutions (India) Ltd filed audited results for FY25 with both standalone and consolidated reports. On a standalone basis, the company reported zero revenue from operations and a net loss of Rs 9.70 lakhs versus Rs 9.14 lakh loss in FY24, with expenses of Rs 9.70 lakhs entirely made up of employee and other costs. On a consolidated basis, revenue from operations grew to Rs 138.71 lakhs from Rs 118.68 lakhs (around 17% year-on-year growth), but the company still posted a net loss of Rs 23.40 lakhs, an improvement from Rs 27.43 lakh loss in FY24. Auditor B Chordia & Co. issued an unmodified (clean) opinion on both sets of results. Cash from operations was positive at the standalone level (Rs 5.49 lakhs) but declined on a consolidated basis to Rs 7.03 lakhs from Rs 20.69 lakhs. Total consolidated assets stood at Rs 540.13 lakhs while other equity remained deeply negative at Rs -96.40 lakhs.
The company continues to report losses at both standalone and consolidated levels, and other equity is in the red (consolidated -Rs 96.40 lakhs, standalone -Rs -35.37 lakhs), indicating accumulated losses exceed reserves. For shareholders, this is a loss-making, micro-cap company with negligible standalone operations, though the consolidated loss is narrowing and revenue from the subsidiary is growing modestly.