Outcome of Board Meeting held on May 30, 2025
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The Board of Directors of MKP Mobility Limited (formerly Chitradurga Spintex Limited) approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2025. The Statutory Auditor, Shah Khandelwal Jain & Associates, issued an unmodified (clean) opinion on both the standalone and consolidated results. On a standalone basis, profit before tax nearly doubled to Rs. 153.44 lakhs in FY25 from Rs. 76.52 lakhs in FY24, driven by stronger other income and lower finance costs. Consolidated results include the share of loss from newly acquired associate MKP Kataria Recycling Private Limited (significant influence from July 1, 2024), which contributed Rs. 65.94 lakhs loss. Operating cash flow turned sharply positive at Rs. 277.85 lakhs versus a negative Rs. 354.89 lakhs in the previous year, reflecting better working capital management. Total assets grew to Rs. 1,118.49 lakhs (standalone) with new borrowings of Rs. 332.95 lakhs appearing on the consolidated balance sheet.
Clean audit opinion removes near-term governance concerns for shareholders. The doubling of standalone pre-tax profit and swing to positive operating cash flow signal a healthier core business, though the drag from the new associate and fresh borrowings warrant close monitoring in coming quarters.