Mahamaya Steel Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
MAHASTEEL · price
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Mahamaya Steel Industries reported standalone revenue of Rs. 88,284.83 Lakhs for FY 2025-26, up ~10% from Rs. 80,176.43 Lakhs in the prior year. Net Profit After Tax grew ~26% to Rs. 959.88 Lakhs from Rs. 760.07 Lakhs, while Basic EPS improved to Rs. 5.84 from Rs. 4.62. The company declared an unmodified audit opinion, though the auditor raised an Emphasis of Matter on Rs. 1,105.69 Lakhs of electricity duty subsidy receivable pending government approval, warning it should have been reduced pending crystallisation. The company also saw a sharp rise in qualified borrowings from Rs. 4.21 Crores to Rs. 18.78 Crores during the year. Cash flow from operations remained positive at Rs. 767.29 Lakhs, though inventory rose by Rs. 2,939.96 Lakhs. The Board appointed new Cost and Internal Auditors for FY 2026-27.
Profit growth outpacing revenue is a positive sign, but the auditor's Emphasis of Matter on the large subsidy receivable creates uncertainty around asset quality. The near 4.5x jump in qualified borrowings also warrants monitoring for leverage risk.