BOARD MEETING OUTCOME TO CONSIDER AND APPROVE UNAUDITED FINANCIAL RESULTS WITH LIMITED REVIEW REPORT FOR THE QUARTER NAD HALF-YEAR ENDED SEPTEMBER 30, 2025.
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Mayur Floorings Limited reported Q2 FY26 revenue of Rs 191.86 lakhs, up about 7% from Rs 179.41 lakhs in Q2 FY25. For the half-year, revenue rose sharply by around 35% to Rs 385.93 lakhs versus Rs 286.49 lakhs a year earlier, driven by higher material costs and employee expenses. However, net profit for the half-year fell steeply to Rs 3.93 lakhs from Rs 13.21 lakhs in H1 FY25, a drop of roughly 70%, as costs grew faster than revenue. The company's other equity remains negative at Rs -100.85 lakhs, though it has improved from Rs -163.44 lakhs at the end of FY25. The board also reviewed and ratified related party transactions. The auditor (Bansilal Shah & Company) issued a clean limited review report with no qualifications.
Despite strong top-line growth, sharply falling profits and continued negative reserves signal margin pressure and weak earnings quality for shareholders. Negative operating cash flow of Rs -45 lakhs in H1 and ongoing reliance on borrowings (total debt ~Rs 316 lakhs) suggest short-term cash strain even as revenue expands.