Submission of Un-Audited Standalone and Consolidated Financial Results of the company for the First Quarter ended 30th June, 2025.
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Maximus International Ltd reported Q1 FY26 standalone revenue from operations of Rs 106.34 lakh, down from Rs 141.54 lakh a year ago, but swung to a net profit of Rs 21.68 lakh versus a small loss of Rs 2.73 lakh in Q1 FY25. On a consolidated basis, revenue from operations was nearly flat YoY at Rs 3,951.97 lakh versus Rs 3,921.54 lakh, while net profit rose modestly to Rs 232.52 lakh from Rs 212.59 lakh. Total consolidated income for Q1 was Rs 3,965.42 lakh with profit before tax of Rs 247.60 lakh. The Board also approved converting a loan into equity shares under Section 62(3), subject to shareholder approval, and appointed a new Internal Auditor (M/s. Ajit Tushar & Co.) after the previous internal auditor, M/s. DVG & Associates, resigned citing a disagreement over fees. The statutory auditor, Shah Mehta & Bakshi, issued an unqualified limited review report on both the standalone and consolidated results.
Standalone top-line shrank sharply YoY even as the company returned to profit, while the consolidated business held steady with mild earnings growth, suggesting the parent-level drag is being offset by subsidiaries. The mid-year internal auditor change driven by a fee dispute is a minor governance flag, and the proposed loan-to-equity conversion could dilute existing shareholders if approved at the AGM.