To consider and approve: 1. Standalone unaudited Financial Result for the quarter and half year ended 30th September, 2025 2. Shift the registered office of the Company within the local ....
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The Board approved Mitshi India's unaudited standalone results for Q2 and H1 FY26 (ended 30 September 2025). Revenue from operations fell sharply to Rs 50.58 lakhs in Q2 FY26 from Rs 115.46 lakhs in Q2 FY25, an ~56% year-on-year drop, while H1 revenue declined to Rs 91.11 lakhs from Rs 219.37 lakhs (~58% YoY). Profit after tax collapsed to just Rs 0.13 lakhs in Q2 (vs Rs 4.56 lakhs) and Rs 0.19 lakhs for H1 (vs Rs 3.55 lakhs), indicating very thin margins. The balance sheet shows negative other equity of Rs (607.70) lakhs, reflecting large accumulated losses. The auditor issued an unmodified limited review report but drew attention to trade receivables, trade payables and unsecured loans pending confirmation and supporting documents. The Board also approved shifting the registered office within local city limits.
Sharp revenue decline, near-flat profitability, and a deeply negative net worth (accumulated losses) are worrying signs for shareholders. Pending confirmations on receivables, payables and loans add further uncertainty, though the stock is a small-cap and may already trade on limited liquidity.