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Awaiting price reaction for this filing.
Mahan Industries Ltd has published its audited standalone financial results for the quarter and year ended March 31, 2025 in Indian Express (English) and Financial Express (Gujarati), as required under SEBI Listing Regulations. Total income from operations for FY25 fell sharply to Rs. 71.42 lakhs, down from Rs. 450 lakhs in FY24, an 84% year-on-year decline. The company swung to a net loss after tax of Rs. 5.01 lakhs in FY25 compared to a profit of Rs. 20.71 lakhs in FY24. For Q4 FY25, revenue stood at Rs. 94.54 lakhs versus Rs. 217.01 lakhs in Q4 FY24, with a loss after tax of Rs. 1.39 lakhs. Equity share capital has risen to Rs. 3,600 lakhs from Rs. 450 lakhs, indicating a likely stock split or bonus issue during the year.
Sharp drop in revenue and a swing from profit to loss signals significant operational stress for the small-cap company, which is negative for shareholders. The 8x increase in share capital (likely a stock split or bonus) may improve liquidity but does not change the underlying business performance.