Outcome of Board Meeting to be held on 13.08.2025
Price
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Awaiting price reaction for this filing.
The Board of Directors of Mihika Industries Ltd met on August 13, 2025, and approved the unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26), along with the limited review report from statutory auditors S K Bhavsar & Co. Revenue from operations stood at approximately ₹75–76 lakhs, similar to the corresponding quarter last year (₹75.75 lakhs) but lower than the preceding quarter ended March 31, 2025 (₹152.52 lakhs). Total income for Q1 FY26 was around ₹77 lakhs against total expenses of roughly ₹68–69 lakhs, yielding a small profit before tax of about ₹8.74 lakhs and a profit after tax of roughly ₹5–6 lakhs, compared to a loss in the preceding quarter (total comprehensive income of ₹(73.09) lakhs). The auditor's report carries an Emphasis of Matter flagging pending verification of trade receivables, payables, loans and advances, absence of GSTN during the period, and non-availability of reliable investment valuations and supporting documents.
The results show the company returning to a modest profit in Q1 FY26 after a loss-heavy March quarter, but the numbers are small and the auditor has raised concerns about verification of key balance-sheet items, which investors should weigh. Given the limited revenue base, audit qualifications, and lack of reportable segments, the stock remains a small, thinly-tracked name with no clear positive catalyst from this filing.