Mahalaxmi Fabric Mills Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
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Mahalaxmi Fabric Mills Limited announced Q1 FY26 results (quarter ended June 30, 2025) on August 13, 2025. Consolidated revenue from operations fell to ₹3,351.78 lakhs from ₹3,915.68 lakhs in Q1 FY25, a decline of about 14%. Standalone revenue dropped more sharply to ₹1,179.14 lakhs from ₹1,881.54 lakhs, down roughly 37%. Despite lower sales, consolidated profit after tax jumped sharply to ₹258.60 lakhs (₹2.43 EPS) from just ₹17.18 lakhs a year ago, helped by the subsidiary Mahalaxmi Exports Private Limited contributing about ₹371.12 lakhs in profit. On a standalone basis, the company remained in the red with a loss of ₹112.52 lakhs, though slightly narrower than last year's ₹129.89 lakhs loss. The auditor (Jain Chowdhary & Co.) issued an unqualified limited review report with no qualifications. The results continue to reflect the impact of a major factory fire in November 2024, with the insurance claim still under final settlement and production resumption underway.
The sharp standalone revenue decline and continued losses highlight ongoing pressure on the core textile processing business following the factory fire, but the consolidated turnaround into healthy profit, driven by the subsidiary, is a positive signal. Investors should watch for final insurance settlement and pace of production recovery, as these will be key to whether standalone operations return to profitability.