This is to inform you that the Board of Directors of the Company at its meeting held on 22nd May, 2025, inter-alia, has transacted the following business: 1) Approval of Audited Financial ....
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The Board of Mukat Pipes Ltd met on 22nd May 2025 and approved the audited financial results for Q4 and full year ended 31st March 2025. Full-year revenue from operations fell sharply to Rs 385.26 lakhs from Rs 629.70 lakhs in FY24, a drop of around 39%. The company swung from a profit before tax of Rs 29.70 lakhs in FY24 to a loss of Rs 16.02 lakhs in FY25. Q4 alone posted a loss of Rs 25.04 lakhs versus a Rs 7.09 lakh profit in the year-ago quarter. EPS for FY25 was Rs (0.14) versus Rs 0.25 previously. The Board also appointed Internal Auditors for FY 2025-26. Statutory auditor Gurpreet Kaur & Associates issued an unmodified opinion. Reserves remain deeply negative at Rs (1,291.20) lakhs, and shareholders' funds are in the red at Rs (699.70) lakhs.
Negative for shareholders: revenue declined sharply, the company slipped back into a loss, and its net worth remains eroded. The weak results and negative reserves may weigh on the stock price and raise going-concern concerns.