Outcome of Board Meeting of the Company held on May 30th, 2025
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Misquita Engineering Limited's board approved audited financial results for the half year and full year ended March 31, 2025. Revenue from operations fell about 16% year-on-year to ₹1,006.85 lakhs from ₹1,199.40 lakhs. The company slipped into a loss, reporting a net loss after tax of ₹8.81 lakhs versus a profit of ₹19.81 lakhs in FY24, with EPS turning negative at ₹(1.04). An exceptional item of ₹0.90 lakhs weighed on the bottom line. Operating cash flow was sharply negative at ₹(299.53) lakhs, and cash and equivalents plunged to just ₹0.27 lakhs from ₹119.88 lakhs a year ago. The board also appointed M/s. Yogesh Bhuva & Co., Chartered Accountants as the new Internal Auditor for FY26. The statutory auditor, Jay Gupta & Associates, issued an unmodified (clean) opinion on the results.
The combination of shrinking revenue, a swing to negative PAT, and severely negative operating cash flow signals operational stress and weak cash generation, which is negative for shareholders despite the auditor's clean opinion. Investors should monitor cash positions and working capital closely in upcoming quarters.