This is to inform you that the Board of Directors of the Company at their meeting held today i.e. 31st July, 2025 have approved and adopted the Un-Audited Financial Results of the Company ....
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The Board of Directors of Mystic Electronics Limited approved the unaudited financial results for the quarter ended 30th June 2025 at its meeting on 31st July 2025. Total Income for Q1 FY26 stood at Rs. 95.04 lakhs, down from Rs. 131.98 lakhs in Q1 FY25 — a decline of roughly 28%. Notably, Revenue from Operations was nil, with the entire income coming from 'Other Income'. The company slipped into a net loss of Rs. 8.07 lakhs (EPS of Rs. -0.041) in Q1 FY26, compared to a net profit of Rs. 46.02 lakhs (EPS of Rs. 0.233) in Q1 FY25. The statutory auditors issued an unmodified (clean) limited review report with no qualifications or emphasis of matter.
Negative for shareholders — the company moved from a profit to a loss year-on-year, mainly because of a sharp drop in other income. The clean auditor opinion provides some comfort, but the absence of any operating revenue raises questions about the sustainability of the business.