Financial Results for the Half-Year and year ended 31st March, 2026
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Mehul Colours Ltd reported total income of ₹3,181.16 Lakhs for FY2025-26, up from ₹2,371.25 Lakhs in the prior year, representing approximately 34% revenue growth. However, profitability declined — profit before tax fell to ₹703.48 Lakhs from ₹740.37 Lakhs (a ~5% drop), and net profit fell to ₹522.29 Lakhs from ₹550.30 Lakhs. EPS dropped to ₹4.95 per share (face value ₹10) from ₹7.30 in the prior year, despite a large equity raise from an IPO (share capital increased from ₹754.10 Lakhs to ₹1,054.90 Lakhs). The auditor, YMS & Co. LLP, issued an unqualified opinion with no qualifications or going-concern issues. The company is listed on the BSE SME exchange and follows AS rather than IND AS.
Strong top-line growth was offset by EPS dilution from the expanded share base and a slight decline in absolute profitability. Shareholders should note the EPS reduction even as revenue grew substantially; the diluted capital base from the IPO is a key driver of the lower EPS.