Maestros Electronics & Telecommun. Systems Ltd Management Discussions

1) INDUSTRY STRUCTURE AND DEVELOPMENT:

The Companies growth considering the past few years performance has comparatively increased. As company has adopted necessary steps for increasing its profits from year to year. The total revenue from the operation for the year ended March 31, 2025, amounted to 2888.71 lakhs as against Rs. 3328.93 lakhs in a previous Financial Year 2023-2024 and has decreased by 440.22 lakhs over the last year.

2) OPPORTUNITIES & THREATS

OPPORTUNITIES: company mature 1. in the industry and gain efficiency in Concentrating operations.

2. Growing preference for online platform

3 Rural development

THREATS:

1. Competition from low cost imported products.

2. Manpower costs are rising as many large companies are mopping, but the availability of talent pool supply is limited. Thus, for small and mid-range companies, retaining high quality manpower is a concern.

3) SEGMENT WISE OPERATIONAL PERFORMANCE:

Our Company has three main segments of business viz. Medical ,Electronics & Instrumentation and Telemedicine. The Company is constantly striving to increase the performance of its segments, particularly Medical.

4) OUTLOOK:

Our Company is keeping pace with the overall market scenario and has grown significantly in the past years. The Management expects further growth and improvement of the company within the years to come, subject to favourable market conditions, and stable economic policies.

5) RISKS AND CONCERNS:

All the promises which management is making, depends on the confidence and trust that the Shareholders bestow upon the management.

6) INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

Our Company has in place adequate system of internal control. It has documented procedures covering all financial and operating functions. These controls have been designed to provide a reasonable assurance about maintaining of proper accounting controls, monitoring of operations, protecting assets from unauthorized use or losses, compliances with regulations and for ensuring reliability of financial reporting. The Company has continued its efforts to align all its processes and controls with global best practices in these areas as well.

7) HUMAN RESOURCES & INDUSTRIAL RELATIONS:

Our Company have continuous endeavours to improve the working environment for its employees. Competitive compensation package, innovative and challenging environment to work, transportation facilities, etc., are some of the steps taken by the Company for the welfare of its employees. To keep the employees skill, knowledge and business facilities updated, In house and external training is provided to the employees at all levels. The effort to rationalize and streamline the work force is a continuous process. The industrial relations scenario remained harmonious throughout the year.

As on year ended March 31, 2025, the Company has 86 no. of employees.

8) DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE RESULTS

OF OPERATIONS:

The Companys revenue from operations has decreased to Rs. 2888.71 lakhs as compared to the previous financial year ended March 31, 2024, for which it was Rs. 3328.93 lakhs.

A. Revenue from Operations:

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
Sale of Products & Other Operating Revenue	2888.71	3328.93	(440.22)	(13.22%)

B. Cost of materials consumed:

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
Cost of material Consumed	1594.57	1864.14	(269.57)	(14.46%)

C. Employee benefits expense:

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
EmployeeBenefit	441.60	438.68	2.92	0.67%

D. Depreciation and amortisation expense:

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
Depreciation & Amortisation	39.07	45.15	(6.08)	(13.47%)

E. Other expenses:

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
Other Expenses	491.43	494.15	2.72	(0.55%)

F. Other Income:

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
Other Income	T>244.65	224.23	20.42	9.11%

G. Gross Profit:

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
Revenue from Operations	2888.71	3328.93	(440.22)	(13.22%)
Less: Cost of Consumption	1594.57	1864.14	(269.57)	(14.46%)
Gross Profit	1294.14	1464.79	(170.65)	(11.65%)
Inventory	602.83	552.77	50.06	9.06%

H. Profit before Tax:

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
Profit Before Tax	569.79	690.76	(120.97)	(17.51%)

(Aft Taxation): I. TotalComprehensiveIncome

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
Total Comprehensive Income (After Taxation)	435.62	495.05	59.43	(12.00%)

J. Finance costs and net finance costs:

Particulars	FY 2024- 2025 (In Lakhs	FY 2023- 2024 (In Lakhs)	Change	% of Change
Finance Cost	47.60	79.56	(31.96)	(40.17%)

K. Exceptional items:

Particulars

FY 2024- 2025 (In Lakhs

FY 2023- 2024 (In Lakhs)

Change

% of Change

L. Key Financial Ratios:

Particulars of Ratio	F.Y. 2024-2025	F.Y. 2023-2024
01. Current Ratio	2.7 times	1.78 times
02. Debt Equity ratio	0.10 times	0.18 times
03. Debt Service Coverage Ratio	13.01 times	9.75 times
04. Return on equity ratio	13.40%	17.60%
05. Trade Receivable Turnover ratio	3.00 times	2.58 times
06. Trade Payable Turnover ratio	4.39 times	7.37 times
07. Inventory Turnover ratio	2.76 times	4.55 times
08. Net Capital turnover ratio	1.23 times	1.75 times
09. Net profit ratio	15.17%	14.87%
10. Return on capital Employed	14.81%	25.20%
11. Return on Investment	17.69%	25.20%

M. Details pertaining to Net-worth of the Company:

Particulars	As on March 31, 2025 (In Lakhs)	As on March 31, 2024 (In Lakhs)
Net-worth	3488.20	3052.58

9) CAUTIONARY STATEMENT:

Statements in the Management Discussion & Analysis Report describing the Companys expectations, opinion, and predictions may please be Actual results could differ from those expressed or implied. A companys operations should be viewed in light of changes in market conditions, prices of raw materials, economic developments in the country and such other factors.

For and on behalf of the Board of Directors

For Maestros Electronics & Telecommunications Systems Limited

Sd/-

Balkrishna Tendulkar

Chairman & Managing Director

DIN: 02448116

Address: Plot No. EL/66, TTC Industrial Area,

Electronic Zone, Mahape Navi Mumbai

Thane-400701 Maharashtra India.

Place: Navi Mumbai

Date: July 23, 2025