RESULT OF THE FINANCIAL YEAR ENDED 31/03/2025.
Awaiting price reaction for this filing.
Madhur Industries reported zero revenue from operations for both Q4 FY25 and the full financial year FY25. The only income came from 'Other Income' of Rs 612.43 lakhs, which is largely a one-time transfer of leasehold rights (Rs 537.63 lakhs visible in cash flows) and write-back of old sundry balances. Total expenses were Rs 647.57 lakhs, leading to a loss before tax of Rs 35.13 lakhs. After a tax outflow of Rs 51.19 lakhs, the net loss for FY25 widened sharply to Rs 86.32 lakhs versus a Rs 32 lakh loss in FY24. Total assets fell from Rs 765.84 lakhs to Rs 473.01 lakhs as trade receivables and inventories were written down, while cash and bank balances rose to Rs 142.53 lakhs.
The company appears to have wound down its core food products manufacturing business and is now sustained mainly by one-time asset disposals. Statutory auditor J.U. Shah & Co. issued an unqualified opinion, but zero operating revenue and deepening losses are significant red flags for shareholders.