MITCON Consultancy & Engineering Services Limited — Board Meeting, 20-05-2025: Outcome of Board Meeting

MITCON has announced a board meeting on May 20, 2025, approving the audited consolidated financial results for the quarter and year ended March 31, 2025. The group posted consolidated revenue of ₹112.71 Cr and net profit of ₹8.36 Cr for the year. Consultancy & Training, Project Services, and Wind/Solar Power segments showed steady growth, with the power segment driving strong profits. Finance costs remained high at ₹13.58 Cr, pressuring margins. A rights issue raised ₹32.23 Cr, fully deployed. The board approved a strategic acquisition of a 49% stake in solar SPVs, enhancing their renewable energy portfolio.