Muller & Phipps India Ltd — Board Meeting, 30-05-2025: Board Meeting

Muller and Phipps India Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The audited standalone and consolidated financials show a decline, with the standalone net loss at ₹74.83 lakhs for the year compared to a profit of ₹72.98 lakhs in the previous year. Revenue rose to ₹591.60 lakhs from ₹414.07 lakhs year-on-year, but expenses increased sharply to ₹694.76 lakhs, leading to losses. The company’s net worth remains negative at ₹207.88 lakhs, with accumulated losses of ₹491.96 lakhs. No Company Secretary or Compliance Officer has yet been appointed. The independent auditor issued an unmodified opinion, affirming the accounts are prepared on a going concern basis despite the losses, which is critical for ongoing operations and investor confidence.