ANNUAL REPORT 2022-2023 (RE-UPLOAD ANNUAL REPORT DUE TO NOT VISIBLE AS ADVISED)
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Modern Malleables Ltd, a Kolkata-based maker of overhead power conductors and telecom hardware, posted revenue from operations of Rs. 5,239.57 lacs in FY23, up about 14% from Rs. 4,595.41 lacs in FY22. However, other income fell sharply from Rs. 724.82 lacs to Rs. 200.47 lacs, and total expenses rose to Rs. 4,212.69 lacs, pushing profit after tax down about 38% to Rs. 926.54 lacs from Rs. 1,498.94 lacs. The company remains debt-free with no long-term borrowings and net worth of Rs. 10,392.45 lacs. The statutory auditor's report is clean with no qualifications, and the Board has not recommended any dividend for the year.
Shareholders see top-line growth but a significant drop in bottom-line earnings driven by weaker other income and higher costs, which may weigh on the stock in the short term. The zero-debt balance sheet and clean audit provide some comfort, but the absence of a dividend signals cash conservation.