Financial Results for the quarter & year ended on Mar 31, 2025
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MKP Mobility Limited (formerly Chitradurga Spintex Limited) announced audited results for FY25 with a clean (unmodified) audit opinion from Shah Khandelwal Jain & Associates. Total income for the year roughly doubled to about Rs. 1,040 lakhs from Rs. 541 lakhs in FY24. Profit before tax also nearly doubled to Rs. 153.44 lakhs (vs Rs. 76.52 lakhs), but standalone profit after tax came in at Rs. 93.88 lakhs versus Rs. 113.57 lakhs in FY24, as the prior year had a one-time deferred tax credit of Rs. 37.05 lakhs that reversed this year. Operating cash flow swung from negative Rs. 354.89 lakhs in FY24 to positive Rs. 277.85 lakhs in FY25 on a consolidated basis. The consolidated results include a new associate, MKP Kataria Recycling Private Limited, which dragged down profits by Rs. 65.94 lakhs, bringing consolidated PAT down to about Rs. 27.90 lakhs. The balance sheet expanded with total assets rising to Rs. 1,052 lakhs (consolidated) and new borrowings of Rs. 332.95 lakhs appearing in the books.
Strong top-line and operating profit growth is a positive for shareholders, but the consolidated bottom line is weighed down by losses from the new associate and a one-time deferred tax reversal. Investors should monitor whether the associate stabilises and how the new borrowings are deployed, as standalone cash flows have finally turned positive after a year of outflows.