The revised Standalone and Consolidated Audited Financial Results for the quarter and year ended on 31st March, 2025 has been attached herewith.
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Awaiting price reaction for this filing.
Mishtann Foods has filed revised audited results (originally approved on May 22, 2025; revised on June 6, 2025 to include the Statement on Impact of Audit Qualification). On a standalone basis, FY25 revenue grew ~8% to ₹34,841.57 lakhs, but net profit fell sharply by ~58% to ₹599.37 lakhs (vs ₹1,416.62 lakhs in FY24). Q4 standalone revenue dropped ~11% YoY to ₹7,309.57 lakhs, with PAT nearly halving to ₹113.34 lakhs. Consolidated FY25 revenue rose ~7% to ₹1,37,530.40 lakhs, but consolidated PAT dipped ~4% to ₹33,332.57 lakhs. The auditor issued a Qualified Opinion flagging 6 standalone and 8 consolidated concerns, most notably a SEBI interim order (Dec 2024) alleging fictitious sales/purchase transactions from FY18–FY24, alleged misuse of ₹4,990 lakhs from a rights issue, trade receivables of ₹36,106 lakhs with no expected credit loss provision, and missing audit trail in accounting software.
This is a high-risk filing — the SEBI fraud allegations are serious and unresolved, contingent liabilities (GST demand of ₹20,684 lakhs alone exceeds standalone total assets of ₹38,490 lakhs), and operating cash flow remains deeply negative. Shareholders should view this as a red flag: profits are collapsing despite revenue growth, receivables are ballooning, and the qualified audit opinion signals unresolved governance and regulatory concerns that could weigh heavily on the stock.