Approval of Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026
MIRZAINT · price
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Mirza International reported FY26 standalone revenue of ₹51,622.69 Lakhs, down about 9.4% from ₹56,958.40 Lakhs in FY25. The company turned standalone pre-tax profitable at ₹263.09 Lakhs (vs loss of ₹473.81 Lakhs in FY25), aided by an exceptional gain of ₹1,861.45 Lakhs. However, on a consolidated basis, the company reported a pre-tax loss of ₹6.60 Lakhs and negative PAT of ₹57.08 Lakhs. The Tannery segment remained deeply in loss at ₹(1,010.16) Lakhs for FY26. An Income Tax search under Section 132 was conducted in September 2025; the outcome and financial impact remain unascertained. The scheme of amalgamation of RTS Fashion Limited (a wholly-owned subsidiary) with the company was approved by NCLT in April 2026 and became effective from May 2026 with appointed date April 1, 2025. Auditors issued unmodified opinions for both standalone and consolidated results.
Revenue decline and persistent segment losses indicate operational stress. The tannery business continues to be a drag on profitability. The ongoing Income Tax search creates uncertainty over potential contingent liabilities, which shareholders should monitor closely.