Outcome of Board Meeting held for approval of Audited Financial Results (Standalone and Consolidated) for March 31, 2025
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The Board of Directors of Ruparel Food Products Limited (formerly Mehta Housing Finance Limited, renamed on January 29, 2025) approved audited financial results for the quarter and year ended March 31, 2025, along with the auditor's report. The company, now operating in the food products segment, reported standalone revenue from operations of Rs. 498.50 lakhs for FY25, compared to nil in FY24, reflecting a complete business pivot from housing finance to food. Standalone net loss for FY25 stood at Rs. 13.66 lakhs, an improvement from a loss of Rs. 20.30 lakhs in FY24. On a consolidated basis, total loss was Rs. 22.02 lakhs, including a share of loss of Rs. 8.36 lakhs from associate SAMT Foods Private Limited. Statutory auditor VCA & Associates issued an unmodified opinion on both standalone and consolidated results. No investor complaints were pending as of March 31, 2025.
The company has transitioned to a new food products business with first-year revenue of nearly Rs. 5 crore, but it continues to post losses at both standalone and consolidated levels, signalling the business is still in early, loss-making stages. Loss narrowing year-on-year is a mildly positive sign, but shareholders should note ongoing negative profitability and reliance on associate contribution dragging consolidated results deeper into the red.