Marvel Decor Limited reported a consolidated net profit of ₹3.82 crore for the financial year ended March 31, 2025, representing an increase from ₹3.22 crore in the previous year. Revenue from operations grew to ₹63.11 crore from ₹53.43 crore in FY24, supported by contributions from subsidiaries including Callistus Blinds Middle East FZE and Callistus UK Limited. The company’s board approved the audited financial results at a meeting held on May 30, 2025.

The statutory auditor, M/s. Chetan Agarwal & Co., issued an audit report with an unmodified opinion on both the standalone and consolidated financial results. The auditor confirmed compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also addressed a discrepancy regarding the absence of a Unique Document Identification Number (UDIN) in a previously submitted certificate by filing a fresh copy with the UDIN included.

Utilization of Issue Proceeds

The company raised ₹805 lakh through a preferential issue on September 3, 2024, allotting 700,000 equity shares. A certificate from the statutory auditor confirmed that there was no deviation in the utilization of these funds. The audit committee and board reviewed the utilization, which was allocated towards new product addition, working capital, and general corporate purposes.

Financial Performance

For the half-year ended March 31, 2025, the company recorded a consolidated profit of ₹1.58 crore. Total revenue for the half-year stood at ₹32.99 crore. On a standalone basis, the net profit for the full year was ₹1.17 crore, with revenue reaching ₹32.99 crore. The company noted that it incorporated a new subsidiary, Callistus Window Fashion USA Inc, in April 2025 to expand operations in the United States.

The earnings per share (EPS) on a consolidated basis for FY25 was ₹2.16, compared to ₹1.89 in the previous year. The company’s reserves and surplus increased to ₹4,487.40 lakh as of March 31, 2025, up from ₹3,372.98 lakh in the prior year.

Marvel Decor has secured a purchase order worth INR 3.91 Crore for a High End Branded, Ultra Exclusive 32 Storey Tower in Jumeirah Bay Island, Dubai. The order involves the supply and installation of curtain tracks and motors for one of the city's most prestigious ultra-luxury residential developments. This project win strengthens the company's position in the global branded luxury residences segment and reinforces its presence in iconic luxury developments.

The order was awarded by an international entity, and the execution is scheduled to be completed within a period of 2 months. The project comprises 32 floors featuring an exclusive collection of half-floor penthouses, full-floor penthouses, and three-level sky villas.

The disclosure was made to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2018. The requisite details were provided in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPD2/1/3762/2026 dated January 30, 2026.

Marvel Decor confirmed that the promoter, promoter group, or group companies do not have any interest in the entity that awarded the order. The company also stated that the order does not fall within related party transactions.