Revised results for the quarter ended 30-06-2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Muller & Phipps India reported Q1 FY26 net sales of ₹92.10 lakhs, down sharply from ₹148.17 lakhs in Q1 FY25 — a drop of roughly 38% year-on-year. The company swung to a net profit of ₹69.82 lakhs versus ₹6.24 lakhs last year, but this was almost entirely driven by a jump in other income to ₹107.18 lakhs (vs ₹6.30 lakhs), not from core operations. The auditor (Shankarlal Jain & Associates LLP) explicitly flagged a going concern issue, noting accumulated losses of ₹423.34 lakhs and a negative net worth of ₹139.26 lakhs as on 30 June 2025, though the review opinion was not modified. The board also announced key managerial changes — appointment of Mrs. Hinal Shah as Woman Independent Director and Mr. Shreekant Kudtarkar as Company Secretary — and fixed the 108th AGM for 23 September 2025.
The headline profit jump is misleading because it is propped up by non-operating income while the actual business is shrinking — a serious red flag for shareholders. The auditor's going concern flag, combined with negative net worth and rising accumulated losses, signals financial distress and warrants caution despite the seemingly strong quarterly numbers.