The Board of Directors in their meeting held on August 12, 2025 have considered and approved Un-audited Standalone Financial Results along with the Limited Review Report for the quarter ....
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Mohit Paper Mills announced its unaudited standalone results for the quarter ended June 30, 2025. Total income rose about 7% year-on-year to around Rs 5,351 lakh, driven by higher sales. Profit before tax edged up to Rs 230.61 lakh from Rs 219.62 lakh in the same quarter last year. However, net profit fell about 12% to Rs 139.58 lakh (from Rs 158.48 lakh) because of a sharp jump in deferred tax expense of Rs 92 lakh versus just Rs 3.39 lakh a year ago. The auditor (Pankaj K Goyal & Co) issued an unqualified limited review report with no qualifications or emphasis of matter. The board also reappointed CMD Sandeep Jain and Whole-time Director Pradeep Kumar Rajput for another five years and appointed a non-executive director, Mr. Mohit Jain (son of the CMD), to an office or place of profit, all subject to shareholder approval.
Revenue growth is modest and bottom line actually dipped because of higher deferred tax, so the results are broadly neutral for shareholders. The related-party appointments and remuneration proposals will need shareholder nod at the AGM and may attract governance attention.