Milky Mist Dairy Food (MILKYMIST) Q4 23/24 earnings summary

Executive summary

• Auditors issued an unqualified opinion, confirming the financial statements present a true and fair view as of March 31, 2024, in accordance with Indian GAAP and the Companies Act, 2013.

• No material misstatements or fraud detected; internal controls deemed adequate and effective.

• No pending litigations or long-term contracts with foreseeable losses; no defaults on loans or statutory dues.

Financial highlights

• Revenue from operations rose to ₹190,083.73 lakhs in FY24 from ₹143,165.05 lakhs in FY23 (32.8% YoY growth).

• Net profit for FY24 was ₹1,946.26 lakhs, down from ₹2,801.83 lakhs in FY23 (30.5% YoY decline).

• EBITDA (Operating profit before working capital changes) was ₹17,853.17 lakhs in FY24, down from ₹22,203.72 lakhs in FY23.

• Total assets increased to ₹150,991.83 lakhs as of March 31, 2024, from ₹119,266.93 lakhs a year earlier.

• EPS (Basic) for FY24 was ₹55.61, compared to ₹80.05 in FY23.

Outlook and guidance

• Management continues to assess the company as a going concern, with no material uncertainties identified regarding its ability to meet liabilities over the next year.

• No indication of future viability issues, but no explicit forward-looking financial guidance provided.