Approval of Financial Results for the Year ended 31st March, 2025.
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Terraform Magnum Ltd reported audited results for FY25 with no revenue from operations and only Rs 0.18 lakh in other income, down from Rs 0.66 lakh in FY24. The company posted a net loss of Rs 8.54 lakhs (FY24 loss: Rs 8.58 lakhs), with EPS of Rs (3.56). Total equity is deeply negative at Rs (1,830.80) lakhs against borrowings of Rs 3,051 lakhs, indicating the company is effectively a non-operating entity reliant on borrowings. The auditor issued an unmodified opinion but flagged an Emphasis of Matter on the Kandivali property Deed of Assignment dispute (assignee has defaulted) and on going concern status given the negative net worth. Net cash from operating activities was negative at Rs (0.26) lakh. Two new Independent Directors and a new Secretarial Auditor were also appointed; the AGM was postponed.
Negative net worth, no operating revenue, and continued losses make this a high-risk stock with limited business activity. The going-concern emphasis and unresolved Kandivali property dispute add uncertainty, and shareholders should expect no near-term improvement in fundamentals or dividends.