Outcome of Board Meeting Held on Tuesday 3/02/2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mid India Industries' board, meeting on 3 February 2026, approved unaudited financial results for Q3 FY26 and the nine months ended 31 December 2025. Revenue from operations rose to Rs 338.36 lakhs in Q3 FY26 from Rs 237.73 lakhs in Q3 FY25 (about 42% YoY growth), while nine-month revenue grew to Rs 618.68 lakhs from Rs 494.74 lakhs. However, the company swung to a loss of Rs 6.17 lakhs in Q3 FY26 versus a profit of Rs 4.06 lakhs in Q3 FY25, though the nine-month loss narrowed to Rs 4.87 lakhs from Rs 7.51 lakhs. Reserves remain deeply negative at Rs (2,080.25) lakhs and EPS for Q3 was Rs (0.04). The statutory auditor issued an unmodified limited review opinion and the company continues to operate only in trading activities.
Mixed signals for shareholders - strong top-line growth is encouraging, but persistent small losses and heavily negative reserves flag ongoing profitability and balance sheet concerns that may weigh on the stock until the company returns to consistent profits.