Audited financials approved at the Board meeting held on 20/05/2026
Awaiting price reaction for this filing.
Mahaveer Infoway Limited reported strong bottom-line growth for FY26 ending March 2026. Profit after tax surged to ₹64.05 Lakhs from ₹8.00 Lakhs in the prior year, representing over 700% growth. Core revenue from operations declined marginally from ₹273.07 Lakhs to ₹261.48 Lakhs, but total revenue increased to ₹384.32 Lakhs due to significant other income of ₹122.84 Lakhs (vs ₹28.15 Lakhs in FY25). The company reported profit before tax of ₹87.50 Lakhs versus ₹17.63 Lakhs previously. Operating cash flow turned negative at ₹-53.21 Lakhs due to reduction in short-term borrowings (₹175.67 Lakhs repaid) and working capital changes. The statutory auditor Kalyana & Co. issued an unmodified opinion with no going concern issues flagged.
The company shows exceptional PAT growth driven mainly by other income, but declining core revenue and negative operating cash flow are concerning signals for shareholders to monitor.