This is to inform that the Board at its meeting held today, have considered and approved the financial results for the quarter and financial year ended 31st march, 2025.
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Mystic Electronics Limited reported audited results for FY25 with total income rising sharply to ₹131.98 lakhs from ₹54.83 lakhs in FY24, a growth of about 141%. Profit before exceptional items and tax jumped to ₹109.54 lakhs (vs ₹31.12 lakhs in FY24). The company booked a large exceptional item of ₹(178.61) lakhs, mainly its share of loss from a partnership firm, which reduced the bottom line. Despite this, net profit for the year came in at ₹102.91 lakhs versus a marginal base in FY24. The statutory auditor (Sunil Vankawala & Associates) issued an unmodified opinion. The Board also appointed a new internal auditor, Sanjonaa & Associates, for FY26. Cash and bank balances strengthened to ₹111.26 lakhs from ₹3.69 lakhs a year earlier.
Strong revenue growth and return to profitability are positive signals for shareholders, but the sizeable exceptional loss tied to the partnership firm is a yellow flag worth watching. Clean audit opinion and improved cash position support near-term stability, though the quality of recurring earnings remains to be seen given the heavy exceptional drag.