We hereby declare that as mentioned under the Independent Audit Report dated May 30,2025.
Awaiting price reaction for this filing.
Max Alert Systems Ltd, which has now been renamed Max Earth Resources Limited, submitted its audited financial results for the half year and full year ended March 31, 2025. The company posted its first revenue year, with revenue from operations of Rs. 1,458.72 lakhs versus nil in FY24, driven by stock-in-trade purchases of Rs. 1,090.89 lakhs. Total revenue including other income was Rs. 1,685.27 lakhs, and profit after tax came in at Rs. 324.62 lakhs against a loss of Rs. 86.23 lakhs in FY24, giving basic EPS of Rs. 35.29. The balance sheet shows total assets of Rs. 648.30 lakhs (up from Rs. 124.81 lakhs), with reserves turning positive at Rs. 185.74 lakhs and cash of Rs. 162.77 lakhs, though trade receivables spiked to Rs. 386.54 lakhs. No dividend was declared. Operating cash flow remained negative at Rs. -210.29 lakhs, but investing activities contributed Rs. 226.54 lakhs, lifting overall cash by Rs. 122.17 lakhs. The auditor flagged that internal financial controls were not operating effectively, the accounting system lacked an audit trail feature, material uncertainties exist over the company's ability to meet liabilities, and disputed TDS dues of Rs. 7.81 lakhs are pending.
The turnaround from a loss-making entity to a Rs. 324.62 lakh profit is positive on paper, but it is heavily dependent on other income of Rs. 226.55 lakhs and comes with weak internal controls, going-concern uncertainties, and negative operating cash flow, so shareholders should treat the headline profit with caution.