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Q3FY2025 Results of Mohan Meakin

Event Date: N/A

Document Summary

Haribhakti & Co. LLP, Chartered Accountants, performed an independent auditor's review of the unaudited financial results of Mohan Meakin Limited for the quarter ended December 31, 2024, and the year-to-date period from April 1, 2024, to December 31, 2024. This review was conducted as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

The financial results, the responsibility of the Company's Management and approved by its Board of Directors, were prepared following the recognition and measurement principles outlined in Indian Accounting Standard 34, "Interim Financial Reporting," as prescribed under Section 133 of the Companies Act, 2013, and other generally accepted accounting principles in India. The auditor's responsibility was to issue a report based on their review.

The review was conducted according to the Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India, requiring the auditors to plan and perform the review to obtain moderate assurance regarding material misstatement. The review was limited to inquiries of company personnel and analytical procedures, providing less assurance than an audit. The auditors stated they did not perform an audit and therefore did not express an audit opinion.

Based on the review, nothing came to the auditor's attention that would suggest the statement was not prepared in accordance with applicable accounting standards or that it contained any material misstatement, including compliance with Regulation 33 of the Listing Regulations.

The report was signed by Kunj B. Agrawal, a partner at Haribhakti & Co. LLP, with membership number 095829 and UDIN: 25095829BMOJLT8903. The place of issue was New Delhi, and the date was February 13, 2025.

Financial Performance (Quarter and Nine Months Ended December 31, 2024):

Mohan Meakin Limited reported the following financial results (in lacs):

  • Revenue from Operations: ₹82,040.11 for the quarter ended December 31, 2024, compared to ₹39,786.42 in the previous quarter and ₹67,418.29 for the quarter ended December 31, 2023. For the nine months ended December 31, 2024, revenue was ₹1,54,006.56, compared to ₹1,33,086.63 for the same period in the previous year and ₹1,92,992.27 for the year ended March 31, 2024 (audited).
  • Total Income: ₹82,392.05 for the quarter ended December 31, 2024, and ₹1,54,914.30 for the nine months ended December 31, 2024.
  • Total Expenses: ₹76,905.90 for the quarter ended December 31, 2024, and ₹1,45,565.08 for the nine months ended December 31, 2024.
  • Profit Before Tax: ₹5,486.15 for the quarter ended December 31, 2024, and ₹9,349.22 for the nine months ended December 31, 2024.
  • Total Tax Expense: ₹1,395.14 for the quarter and ₹2,391.41 for the nine-month period.
  • Profit for the Period: ₹4,091.01 for the quarter and ₹6,957.81 for the nine-month period.
  • Total Comprehensive Income for the Period/Year: ₹4,214.52 for the quarter and ₹7,140.91 for the nine-month period.
  • Earnings Per Equity Share (Basic & Diluted): ₹48.09 for the quarter and ₹81.78 for the nine-month period.

Segment-wise Revenue, Results, Assets, and Liabilities:

  • The company operates in two primary segments: Alcoholic and Non-alcoholic products.
  • For the quarter ended December 31, 2024, the Alcoholic segment contributed ₹81,628.79 to revenue, while the Non-alcoholic segment contributed ₹411.32.
  • Segment results (profit) for Alcoholic products were ₹5,939.00 and for non-alcoholic products, (₹103.28).
  • Total segment assets amounted to ₹68,416.05, with ₹50,158.07 allocated to Alcoholic products, ₹1,441.91 to Non-alcoholic products, and ₹16,816.07 unallocated.
  • Total segment liabilities amounted to ₹24,727.95, with ₹21,355.73 allocated to Alcoholic products, ₹389.97 to Non-alcoholic products, and ₹2,982.25 unallocated.

Other Key Points:

  • The Audit Committee reviewed the financial results, and the Board of Directors approved them on February 13, 2025.
  • The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as notified under the Companies (Indian Accounting Standard) Rules, 2015, as amended.
  • Previous periods' figures have been regrouped/rearranged to ensure comparability with the current period's figures.

The statement was issued by order of the board and signed by Hemant Mohan, Managing Director (DIN: 00197951), on February 13, 2025, at Mohan Nagar (Ghaziabad).

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