Audited Financial Results for the quarter and Financial Year ended March 31, 2025
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Monind Limited reported audited results for Q4 and FY ended March 31, 2025. The company continues to have zero revenue from operations and no major business activity. Net loss for FY25 widened to Rs. 253.75 lacs from Rs. 197.14 lacs in FY24, with Q4 FY25 loss at Rs. 65.54 lacs (vs Rs. 56.21 lacs in Q4 FY24). Total expenses of Rs. 253.75 lacs are dominated by finance costs of Rs. 227.42 lacs and employee/depreciation costs. Net worth is deeply negative at Rs. (5,355.79) lacs, fully eroded by accumulated losses of Rs. 14,038.97 lacs, while total borrowings stand at around Rs. 2,733 lacs. The statutory auditor issued an un-modified opinion but added an Emphasis of Matter flagging that accumulated losses, net cash losses, and current liabilities exceeding current assets cast significant doubt on the company's ability to continue as a going concern. Net cash outflow from operations was Rs. 24.38 lacs.
Very negative — a non-operating company with fully eroded net worth, rising losses, and an explicit going-concern warning from auditors is a serious red flag for shareholders. The stock is effectively a shell with no revenue and survival dependent on continued funding support.