Madhav Copper Limited has informed the Exchange regarding Appointment of M/s. N S Shah and Co. as Other of the company w.e.f. August 13, 2025.
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Madhav Copper Limited's board, at its meeting on August 13, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total revenue from operations nearly doubled to Rs 46.20 crore from Rs 24.49 crore in the same quarter last year, an ~89% YoY jump. However, net profit slipped marginally to Rs 1.04 crore from Rs 1.12 crore, with EPS at Rs 0.38 versus Rs 0.41 earlier. The board also appointed M/s Chetan Gandhi & Associates as Cost Auditor and M/s N S Shah and Co. as Internal Auditor for FY 2025-26. The statutory auditor P G Hemani & Co. issued an unmodified limited review report on the results.
Strong top-line growth on a small base is a positive, but the slight dip in net profit indicates margin pressure as costs scaled faster than revenue. The auditor appointments are routine governance items and unlikely to move the stock.