Un-audited Financial Results along with Limited Review Report for the half year ended on 30th Sep, 2025
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Mewar Hi-Tech Engineering reported H1 FY26 revenue from operations of ₹1,577.31 lakhs, down about 16% from ₹1,879.47 lakhs in H1 FY25. Despite the revenue dip, the company swung back to a profit, posting a net profit of ₹25.42 lakhs compared to a loss of ₹42.94 lakhs in the same period last year, lifting EPS to ₹0.65 from a negative ₹3.86. Total expenses fell sharply to ₹1,552.54 lakhs, helping margins recover. The auditor issued an unqualified limited review report, but flagged that inventory records were not adequate for review and noted pending statutory dues (TDS, ESI, PF, VAT, Income Tax). The debt-to-equity ratio improved to 2.83 from 8.77 at FY25 year-end, though cash on hand shrank to just ₹2.17 lakhs from ₹16.15 lakhs.
The turnaround to profit is positive for shareholders, but the simultaneous revenue decline, weak cash position, and auditor's note on inadequate inventory records are warning signs that may weigh on investor sentiment. D/E remains elevated and watch on related-party transactions continues.