Approval of audited Quarterly and year ended 31.03.2025 financials results.
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MPL Plastics' Board approved the audited results for FY25 and Q4 FY25 on May 28, 2025. Operating revenue collapsed to just Rs. 6 lakhs in Q4 FY25 from Rs. 1,215 lakhs a year ago, as the company has already shut its Silvassa and Pune plants and sold off its machinery, land, and warehouse in FY24. The company reported a net loss of Rs. 48 lakhs for FY25 against a Rs. 907 lakhs profit in FY24 (that profit was almost entirely a one-time gain of Rs. 1,212 lakhs from selling fixed assets). EPS turned negative at Rs. (0.38). The balance sheet shows deeply negative equity of Rs. (353) lakhs, short-term borrowings of Rs. 344.55 lakhs, and reserves of Rs. (1,603) lakhs. The statutory auditor (Jain Vinay & Associates) issued an unqualified opinion but explicitly flagged a Material Uncertainty Related to Going Concern, noting the company has ceased manufacturing operations.
This is a deeply negative filing for shareholders. The company has effectively stopped its core business, is reporting losses, has negative net worth (insolvent position), and the auditor has formally warned that the company may not be able to continue as a going concern. Shareholders should expect very high risk of further value erosion or delisting; the company had already initiated steps toward a corporate insolvency resolution process.