Audited Financial Results for the half year and year ended March 31, 2025
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Misquita Engineering Limited, a Goa-based manufacturer of precision machined components listed on the BSE SME platform, reported a full-year loss for FY2024-25. Revenue from operations fell to Rs 1,006.85 lakhs from Rs 1,199.40 lakhs in the previous year, a decline of about 16%. Total income stood at Rs 1,019.05 lakhs versus Rs 1,202.53 lakhs. The company swung to a loss before tax of Rs 28.59 lakhs (from a profit of Rs 16.26 lakhs) and reported a loss after tax of Rs 8.81 lakhs (vs profit of Rs 19.81 lakhs), translating to a negative EPS of Rs 1.04. Net cash used in operating activities was deeply negative at Rs 299.53 lakhs, while cash and bank balances collapsed from Rs 119.87 lakhs to just Rs 0.27 lakhs. The statutory auditor Jay Gupta & Associates issued an unmodified (clean) opinion. The board also appointed M/s Yogesh Bhuva & Co as the new internal auditor for FY 2025-26.
Negative for shareholders: revenue shrank, the company slipped into a loss, and operating cash burn remains severe with near-zero cash on hand, raising concerns about near-term liquidity despite continued equity infusion. Short-term borrowings also doubled year-on-year.