This is to inform that the Board at its meeting held today, have considered and approved appointment of Internal Auditor for the Financial Year 2025-26.
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Mystic Electronics Limited announced audited financial results for Q4 and full year ended 31st March 2025. Total income for FY25 stood at Rs. 131.98 lakhs, more than doubling from Rs. 54.83 lakhs in FY24, driven mainly by a sharp jump in Q4 revenue to Rs. 95.04 lakhs. Profit after tax for FY25 was Rs. 102.91 lakhs, swinging into positive territory after the previous year was dragged down by exceptional items of Rs. 178.61 lakhs. The statutory auditor, Sunil Vankawala & Associates, issued an unmodified (clean) opinion on the results. Separately, the Board appointed M/s. Sanjonaa & Associates, Chartered Accountants, as the new Internal Auditor for FY 2025-26, replacing the previous internal auditor whose one-year term had ended.
This is a positive update for shareholders: revenue grew by about 141% year-on-year and the company returned to profitability with a clean audit opinion, suggesting a turnaround from last year's loss-making position. However, the absolute scale remains very small (revenue under Rs. 2 crore), so investors should weigh the size and sustainability of this earnings recovery before drawing strong conclusions.