Audited financial results for the quarter ended 31-03-2026
Awaiting price reaction for this filing.
Mahaveer Infoway Ltd reported strong profit growth with PAT jumping to Rs 64.05 lakhs for FY26 from Rs 8.00 lakhs in FY25, an 8x increase. However, core revenue from operations declined marginally to Rs 261.48 lakhs from Rs 273.07 lakhs. The Q4 results show unusual spikes with Rs 122.84 lakhs in Other Income (vs Rs 28.15 lakhs last year). The company operates in IT & Consultancy segment and holds accumulated losses of Rs 83.69 lakhs on its books. Auditors Kalyana & Co. issued an unmodified (clean) opinion. Key concern is negative operating cash flow of Rs 53.21 lakhs for the year, indicating cash losses despite reported profits.
The 700%+ PAT growth is impressive on paper but the negative operating cash flow raises concerns about profit quality. The accumulated losses and cash burn suggest the company remains financially stressed despite improved profitability. Investors should monitor cash flow sustainability.