Audited Standalone and Consolidated Financial Results for the Quarter and Year ended 31st March, ,2025
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MPF Systems Ltd reported zero revenue from operations for FY25 with total income of just Rs. 0.05 lakhs, down sharply from Rs. 32.55 lakhs in FY24. The company posted a net loss of Rs. 169.89 lakhs for the full year (vs Rs. 3.89 lakh loss in FY24), with Q4 FY25 loss of Rs. 30.43 lakhs. Expenses jumped to Rs. 169.94 lakhs largely due to claim expenses (Rs. 46.72 lakhs), legal and professional fees (Rs. 49.41 lakhs), and finance costs (Rs. 55.75 lakhs). The company's accumulated losses stand at Rs. 306.74 lakhs, making reserves negative. Under a court-approved resolution plan, 26,05,000 fresh equity shares were allotted at Rs. 10 each, raising Rs. 2.60 crore, with Onix Renewable Limited as the resolution applicant. The auditor flagged a 'significant doubt on the Company's ability to continue as a going concern' as an emphasis of matter.
Shareholders face a deeply distressed company with zero operating revenue, widening losses, negative reserves, and an explicit going-concern qualification from the auditor. While the NCLT-approved resolution plan and fresh equity infusion bring some hope of revival, the business remains non-operational and the stock carries high risk.