Mindteck (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
MINDTECK · price
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Mindteck reported mixed FY2026 results with standalone revenue declining 3.5% to Rs. 14,965 Lakhs and consolidated revenue down 4% to Rs. 40,730 Lakhs. However, consolidated profit after tax grew 9.9% to Rs. 3,152 Lakhs, with EPS rising from Rs. 9.02 to Rs. 9.86. The company recorded an exceptional charge of Rs. 530 Lakhs due to new Indian Labour Codes (gratuity and leave liability adjustments), treated as non-recurring. Operating margins improved on consolidated basis with other expenses reducing significantly. The Board recommended a dividend of Rs. 1 per share (10%). Statutory auditors Suresh Surana & Associates LLP issued clean audit opinions with no qualifications for both standalone and consolidated results.
Revenue decline on standalone basis may concern some investors, but the consolidated profit growth and margin expansion indicate improved operational efficiency. The one-time Labour Code impact is non-recurring, so underlying earnings quality appears solid. Dividend continuity provides shareholder returns.