MITCON Consultancy & Engineering Services Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
MITCON · price
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MITCON Consultancy & Engineering Services Limited has reported audited standalone FY2026 results with revenue from operations of Rs 6,012.05 Lakhs (up 17.4% from Rs 5,119.62 Lakhs). However, standalone profit after tax declined marginally to Rs 528.36 Lakhs from Rs 533.64 Lakhs in the previous year. On a consolidated basis, the company performed better with revenue of Rs 12,566.84 Lakhs (up 11.5%) and profit after tax of Rs 941.49 Lakhs, representing a 43.9% increase from Rs 654.06 Lakhs. The auditors have issued unmodified (clean) audit reports with no qualifications. The company also appointed new internal auditors (M/s Galgali and Associates) and tax auditors (M/s Shahane & Co.) for FY 2026-27. The statement confirms no deviation in utilization of rights issue proceeds.
The standalone profit decline despite revenue growth suggests margin compression at the standalone level. However, strong consolidated profit growth driven by subsidiaries is positive. The clean audit opinion removes key risks for investors.