1. Unaudited financial results for the quarter ended 31.12.2025 2. Limited Review Report for the quarter ended 31.12.2025
Awaiting price reaction for this filing.
The Board of Mahaveer Infoway Ltd approved the unaudited financial results for the quarter ended 31 December 2025, along with an unqualified Limited Review Report from auditor Kalyana & Co. Revenue from operations for Q3 FY26 stood at Rs 68.26 lakhs, slightly up from Rs 64.10 lakhs in Q3 FY25, but on a nine-month basis revenue fell to Rs 210.93 lakhs from Rs 248.33 lakhs last year, a decline of roughly 15%. Net profit for the quarter was Rs 4.74 lakhs (vs Rs 12.69 lakhs YoY), while nine-month profit came in at Rs 17.52 lakhs versus Rs 30.71 lakhs — a fall of about 43%. The company's balance sheet still shows negative reserves of Rs 1.35 crore (improved from Rs 1.48 crore), though total equity remains positive at Rs 4.16 crore supported by share capital. The Mobiles segment continues to report losses while IT & Consultancy remains the main contributor to revenue and profit.
Sharper fall in profit versus revenue points to margin pressure, and the persistent negative reserves signal that the company is yet to recover from accumulated losses. For shareholders, this is a weak quarterly print with declining top-line and bottom-line on a year-to-date basis, which is likely to be viewed negatively by the market.