Outcome of the Board Meeting held on Tuesday, 27th May, 2025 and submission of Audited Standalone and Consolidated Financial Results of the Company for the quarter and Financial Year ended ....
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Modulex Construction Technologies reported audited results for FY25 with standalone revenue from operations of zero and a net loss of ₹177.25 lakhs, widening from a loss of ₹143.18 lakhs in FY24. Total standalone income was just ₹18.87 lakhs (almost entirely other income), while expenses rose to ₹196.12 lakhs driven mainly by employee costs and finance costs. On a consolidated basis, the group reported total income of ₹1,307.77 lakhs (up from ₹115.54 lakhs) and swung to a profit before tax of ₹463.16 lakhs, largely supported by a ₹362.92 lakh fair-value gain on equity instruments. The statutory auditor (Dhadda & Associates) issued an unmodified opinion but flagged a material going-concern uncertainty for both the holding company and its subsidiaries, citing repeated net losses, current liabilities exceeding current assets at the subsidiary (₹4,056.48 lakhs vs ₹843.79 lakhs), and dependence on promoter funding.
Shareholders should note serious going-concern doubts, a subsidiary (MMBPL) with liabilities exceeding assets and accumulated losses of ₹6,120 lakhs, and unresolved tax defaults (TDS and GST RCM) at both the holding and subsidiary levels. The standalone business is not generating any operating revenue, and the consolidated profit is driven primarily by non-cash fair-value gains rather than operations, which is a negative signal for long-term sustainability.