MITCON Consultancy & Engineering Services Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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MITCON Consultancy & Engineering Services submitted its audited standalone and consolidated results for Q4 and FY25, with auditors (J Singh & Associates) issuing unmodified (clean) opinions. Standalone revenue from operations fell to ₹5,119.62 lakhs from ₹7,005.45 lakhs (~27% decline), with profit after tax dropping to ₹533.64 lakhs from ₹758.44 lakhs (~30% decline). Consolidated revenue declined to ₹11,271.19 lakhs from ₹12,941.54 lakhs (~13%), though consolidated PAT improved to ₹654.06 lakhs from ₹563.36 lakhs. Standalone operating cash flow turned sharply negative at ₹(162.94) lakhs versus ₹1,157.93 lakhs last year, with closing cash balance plunging to ₹117.21 lakhs. Separately, the Board fixed June 13, 2025 as the record date for the first and final call of ₹57 per share (₹7.50 face value + ₹49.50 premium) on 42.41 lakh partly paid-up shares, with payment window from June 23 to July 23, 2025.
Shareholders should note the significant top-line decline on a standalone basis and the sharp deterioration in standalone operating cash flow, which may pressure short-term liquidity. However, margins expanded and consolidated PAT grew, suggesting the wider group remains healthy. The upcoming rights issue call will raise additional capital from existing holders, which may be dilutive but is intended to fund the company's growth plans as originally disclosed.