Outcome of Board Meeting
MAHASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahamaya Steel Industries reported FY2026 standalone revenue of Rs 88,285 Lakhs (up 10% from Rs 80,176 Lakhs) and net profit of Rs 960 Lakhs (up 26% from Rs 760 Lakhs). EPS improved to Rs 5.84 from Rs 4.62. The auditors issued an unmodified opinion but included an Emphasis of Matter pointing to Rs 1,105.69 Lakhs electricity duty subsidy receivable that lacks reasonable certainty of collection. Qualified borrowings increased significantly from Rs 4.21 Crores to Rs 18.78 Crores during the year. The Board also appointed new Cost Auditor and Internal Auditor for FY2026-27, and redeemed 16 lakh preference shares for Rs 2 Crore.
Strong profit growth and positive earnings outlook, though auditors flag uncertainty around a large subsidy receivable. Significant increase in qualified debt warrants monitoring. Clean audit opinion provides confidence.