Integrated Filing (Finance)
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Mihika Industries reported a sharp drop in revenue for Q3 FY26 at Rs. 22.14 lacs versus Rs. 54.70 lacs in Q3 FY25, a fall of about 60%. For the nine months ended December 2025, revenue from operations was Rs. 222.95 lacs compared to Rs. 696.48 lacs in the same period last year, a decline of roughly 68%. Net profit for the quarter stood at just Rs. 1.42 lacs (vs Rs. 21.15 lacs in Q3 FY25), while nine-month PAT was Rs. 7.17 lacs versus Rs. 78.55 lacs previously. The statutory auditor issued a limited review report with an Emphasis of Matter noting that Trade Receivables, Trade Payables, and Loans and Advances balances are pending comprehensive third-party verification and reconciliation. No defaults on loans or debt were reported.
Sharply falling revenue and profits are a red flag for shareholders, suggesting weakening business momentum. The auditor's Emphasis of Matter on unverified receivables and payables adds uncertainty about the reliability of reported numbers, which may weigh on investor confidence.