With reference to the above captioned subject and pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you ....
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Mid India Industries Limited reported audited financial results for Q4 and full year ended March 31, 2026. Total income more than doubled to Rs 1,323.38 lakh from Rs 632.17 lakh in the previous year. The company turned profitable with a net profit of Rs 29.85 lakh compared to a net loss of Rs 11.79 lakh last year. Earnings per share stood at Rs 0.19. Cash position improved with cash equivalents rising to Rs 11.76 lakh from Rs 4.62 lakh. However, auditors highlighted that accumulated losses have completely eroded the company's net worth, with negative reserves of Rs 2,048.18 lakh resulting in negative total equity of Rs 418.18 lakh. Statutory auditors ATM & Associates issued an unmodified (clean) opinion on the financial statements.
The company returned to profitability with strong revenue growth, indicating operational recovery. However, the severely negative net worth raises substantial concerns about financial health and solvency, which investors should carefully consider before making investment decisions.