Results- for the Quarter and Half Year ended on 30th September 2025.
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Mid India Industries Limited reported its Q2 FY26 and H1 FY26 results on 14 November 2025. For Q2 FY26, total income came in at ₹132.51 lakhs (down from ₹149.47 lakhs in Q1 FY26), with the company posting a small net loss of ₹0.81 lakhs. For the half year ended 30 September 2025, total income rose to ₹281.98 lakhs from ₹247.56 lakhs in H1 FY25 (about 14% growth), and the company swung to a marginal net profit of ₹1.30 lakhs from a loss of ₹11.58 lakhs a year earlier. Operating cash flow turned positive at ₹43.76 lakhs (versus a negative ₹16.84 lakhs in H1 FY25), though this was largely supported by an increase in trade payables. The auditor (ATM & Associates) issued an unmodified review opinion but referenced an additional matter ('except mention below'), indicating an Emphasis of Matter paragraph. Previous period figures have been restated/regrouped/reclassified where necessary.
The return to half-yearly profitability is marginal (just ₹1.30 lakhs) and the balance sheet is a major concern — net worth is deeply negative at ₹(448.95) lakhs with accumulated losses of ₹(2,078.95) lakhs in other equity, signalling serious financial weakness despite the absence of long-term borrowings. Shareholders should view the Q2 loss and negative net worth as red flags for long-term solvency.