1 On the recommendation of the Audit Committee Meeting held on May 14, 2025, Board approved the Audited Financial Results (Standalone) for the quarter and year ended March 31, 2025, the ....
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MPIL Corporation's board approved audited standalone financial results for Q4 and FY ended March 31, 2025, along with a recommended dividend of Rs 0.45 per share (4.5%) on the Rs 10 face value equity. Total revenue from operations remained flat at Rs 6 lakhs, but other income rose to Rs 151 lakhs from Rs 132 lakhs. Total expenses nearly doubled to Rs 386 lakhs from Rs 196 lakhs, dragged mainly by a sharp jump in 'other expenses' to Rs 276 lakhs from Rs 107 lakhs. The company swung to a full-year loss of Rs 229 lakhs versus Rs 58 lakhs loss in FY24, with Q4 alone posting a Rs 236 lakh loss. Equity declined to Rs 1,360 lakhs from Rs 1,594 lakhs, and cash and equivalents dropped to just Rs 5.50 lakhs from Rs 45.80 lakhs.
Shareholders should note the significantly widened annual loss, near-doubling of expenses on flat operating revenue, and a sharp drop in cash reserves. Despite the weak results, a modest dividend is being recommended, and the auditor issued an unmodified (clean) opinion, providing some comfort on financial reporting integrity.