Mumbai, January 30, 2025 – MPIL Corporation Limited (BSE: 500450) announced its unaudited financial results for the quarter and nine months ended December 31, 2024, following a Board meeting held earlier today.
Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY24 | Q2 FY24 | Q3 FY23 | 9M FY24 | 9M FY23 | FY23 (Audited) |
|---|---|---|---|---|---|---|
| Total Revenue | 41.00 | 39.00 | 37.00 | 119.00 | 101.00 | 138.00 |
| Net Sales / Operating Income | 2.00 | 1.00 | 2.00 | 5.00 | 5.00 | 6.00 |
| Other Income | 39.00 | 38.00 | 35.00 | 114.00 | 96.00 | 132.00 |
| Total Expenses | 51.00 | 29.00 | 38.00 | 112.00 | 98.00 | 196.00 |
| Profit / (Loss) Before Tax | (10.00) | 10.00 | (1.00) | 7.00 | 3.00 | (58.00) |
| Net Profit / (Loss) | (10.00) | 9.00 | (2.00) | 6.00 | 3.00 | (58.00) |
| Earnings Per Share (₹ 10 face value) | (1.75) | 1.58 | (0.18) | 1.05 | 0.53 | (10.20) |
Key Financial Insights
- Revenue Growth: The company recorded a total revenue of ₹41.00 lakh in Q3 FY24, reflecting a slight increase from ₹39.00 lakh in the previous quarter.
- Operating Income: The net sales and operating income remained steady at ₹2.00 lakh.
- Other Income: Contributed significantly at ₹39.00 lakh for the quarter.
- Expenses: Increased to ₹51.00 lakh, mainly due to legal and professional charges of ₹23.00 lakh and employee costs of ₹8.01 lakh.
- Profitability: A net loss of ₹10.00 lakh in Q3 FY24 compared to a profit of ₹9.00 lakh in Q2 FY24.
Limited Review Report
M. D. Pandya & Associates, the company’s statutory auditors, conducted a limited review of the financials and found no material misstatements, confirming compliance with SEBI’s regulatory requirements.Management Commentary
Milan Dalal, Chairman of MPIL Corporation Limited, stated, "Despite fluctuations in revenue, our focus remains on optimizing costs and leveraging our business support services to sustain profitability."Strategic Outlook
- The company remains committed to stabilizing its revenue streams and controlling expenses.
- Further diversification in income sources is expected to support long-term growth.
- No pending investor complaints as of Q3 FY24, indicating strong corporate governance.